RMB to nudge 7 against US dollar next year, treasurers say
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.
The renminbi to nudge the psychologically important 7 to the US dollar mark by end of the first half of 2019, corporate treasures predict, banking on the People’s Bank of China (PBoC) to keep a damper on the currency to aid exports hit by the US-China trade war.
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