Calm reigns for now in renminbi FX market

Paolo Danese

March 04, 2016 08:30 am

beijing_China_230px — BEIJING - JUNE 11: Tienanmen Gate (The Gate of Heavenly Peace), the main entrance to Forbidden City June 11, 2012 in Beijing, China | air - Fotolia

The People’s Bank of China (PBoC) has issued the most detailed outlook so far on what it sees as its foreign exchange policy going forward. Meanwhile, the stabilisation of the onshore RMB (CNY) rate against the dollar means that there is more optimism in the outlook for the currency.

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PD

Paolo Danese