October 30, 2014 BY Mike Fox
DBS makes 1st yuan to S'pore dollar spot deal on China's interbank market
The China Post is reporting that DBS Bank China announced Tuesday that it has completed its first renminbi (RMB) to Singapore dollar (SGD) spot deal as an official RMB-SGD market maker. The deal is also the first RMB-SGD deal in mainland China's interbank market since the launch of direct RMB-SGD trading this Tuesday, the bank…
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