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
Corporates operating in Asia with an SAP Ariba licence can get supply chain financing from Standard Chartered. Integrating SAP Ariba with ERP systems remains tricky, however.
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.
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.
Since the central bank dramatically changed the way it values the dong, treasurers have been warned to become proactive about monitoring and managing new risks associated with it.