RMB to appreciate at 5% until after US election: Sarasin

The Chinese government will continue to allow the renminbi to appreciate until the US election is over, says Bank Sarasin.

  • 11 Apr 2012

China will adopt a more flexible exchange rate after 2012, but will allow the currency to appreciate in the interim as it seeks to avoid provoking the US during an election year.

In its latest Forex Strategy, Bank Sarasin says the country will avoiding using the currency for ...

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5 Standard Chartered Bank 12,864.13 73 5.19%

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5 Bank of America Merrill Lynch 4,270.90 19 7.79%

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5 Standard Chartered Bank 5,686.63 26 5.79%

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