The People’s Bank of China (PBoC) announced on Saturday it was doubling the interbank foreign exchange market trading band of RMB against the US dollar, to 1% from 0.5%. It is the largest band ...
The People’s Bank of China’s (PBoC) move to widen the renminbi’s daily trading band will likely lead to a steeper USDCNY non-deliverable forward (NDF) curve and greater convergence between the ...
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