RMB loses steam in trade finance

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RMB loses steam in trade finance

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Chinesische Yuan Banknoten und Eurogeld Banknoten. Verschiedene Währungen | Wodicka/Gina Sanders - Fotolia

The renminbi did not have a good October as it was overtaken by the euro as the second most active currency for trade finance, according to Swift’s latest RMB tracker.

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