FX VOICE: Dealing with a cheap and volatile RMB
The renminbi reached a low of 6.16 against the US dollar recently. But why now and what can treasurers do about it?
Mirza Baig (pictured), head of FX and interest rate strategy, Asia, BNP Paribas:
Most people agree something has definitely changed in official policy towards the renminbi. But there’s wide disagreement about its impact on the market.
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