SDR inclusion and London hub key to RMB FX reform, say experts

China money resized 230px
By Paolo Danese
04 Nov 2015

China’s decision to reform its parity mechanism has ushered in a new phase of volatility for both the onshore RMB (CNY) and its offshore counterpart (CNH). Beijing has said markets should welcome the volatility as a signal of its reduced influence on the currency. For market watchers, external forces will be equally crucial to its success.

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