The rising ‘redback’: how treasurers need to react to a stronger renminbi

US charges of currency manipulation need to be taken with a grain of salt, but also a grain of caution, by Asia’s corporate treasurers
The rising ‘redback’: how treasurers need to react to a stronger renminbi

While any currency movement needs to be on the radar of the corporate treasurer, movements of USD/CNY are like throwing a large rock into the currency pond. As the two currencies that underpin global trade, the ripples spread far and wide.

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