Chinese officials will be taking first steps towards FX liberalization It has been only a couple of days since we heard from Chinese officials on the subject of FX market reform. It has proved to be enough for us to get more details into the thinking of the People’s Bank Of China (PBOC). As Bloomberg…
Read morePressures for the Chinese Yuan to become a convertible currency will only intensify. In a not so diplomatic report to Congress, the US Treasury has highlighted the need for greater exchange rate flexibility on the part of China and angered German politicians by pointing out Germany’s large global trade surplus is persistently harming the rest…
Read moreYuan now the 9th most actively traded currency in the world, up from 17th three years ago. Joining the exclusive club members - Hong Kong and Taiwan - in one of the boldest moves of policy makers in mainland China in a path to internationalization of its currency, the UK has become the third country…
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