December 8, 2020

Far more to Renminbi than USD/CNY cross

BY Olivier Desbarres

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( 10 mins) The prevailing market view, as depicted in a recent Reuters article, is seemingly that Chinese policy makers are happy to allow further Renminbi appreciation versus the Dollar driven by a rising domestic trade surplus and strong capital account inflows. The Renminbi has indeed appreciated 2.2% versus the Dollar since our last report on 22nd October […]

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