A rare week of good news has convinced some FX strategists to revise their forecasts, but it still makes sense to short the yuan while being prepared for moves in sterling and the US dollar
Getting the jump on FX movements is an artform: it involves finding common themes in disparate narratives and knitting them into real world scenarios. CT looks at some of the meatier metrics.
Corporate treasurers and CFOs are backing a weaker renminbi in 2019, betting the People’s Bank of China will weaponise the currency to fight the escalating trade war.
A revolution in the way the public pays is being echoed in the corporate world. As the likes of BAML roll out innovation payment solutions for corporates, treasurers are weighing up the benefit.
Hong Kong and Singapore might present themselves as the only spots to host RTCs. But corporates say setting up in China's capital can see a treasury unit play another role entirely...
The IMF has endorsed the renminbi as a freely usable currency, recognising China’s increased importance in the global financial market. The renminbi’s journey to attaining this status was never straightforward.