Market Expects RMB FX Expansion

The State Administration of Foreign Exchange, China’s chief fx market regulator, could start varying the range of currencies it allows for exchange with the onshore renminbi sometime next year, approving more options against a greater number of currencies.

  • 12 Dec 2011

The State Administration of Foreign Exchange, China’s chief fx market regulator, could start varying the range of currencies it allows for exchange with the onshore renminbi sometime next year, approving more options against a greater number of currencies.

A senior market official in Hong Kong said the move ...

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