China Implements Fx Trading Reforms

China Implements Fx Trading Reforms






China Implements Fx Trading Reforms $USDCNY The RMB Yuan is facing renewed devaluation pressure over expectations of a US Fed rate hike, but a large RMB Yuan devaluation is unlikely as China continues its market-oriented Fx (foreign exchange) reform. The central parity rate, or the fixing rate of the Chinese currency, had been weakening since […]