The Traderszone Network

Published in TZ Latest News 10 August, 2015 by The TZ Newswire Staff

CIBC HK says PBOC devaluation will enhance yuan use

Here’s the take of CIBC HK strategist Patrick Bennett via Bloomberg
– yuan fixing reform to increase useage as market can now see the ccy as being more reactive to changing economic conditions
A sensible enough angle and highlighting the on-going reform that has been going on from China to make the yuan more freely traded