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.
To provide more options for currency hedging, India has relaxed several restrictions to facilitate currency derivatives trading in the exchange market for both domestic and foreign participants.
After the State Bank of Vietnam’s (SBV) devaluation of the dong on January 7, CT asks FX strategists what similar FX moves Asia-Pacific treasurers should look for in 2015.