GBL: CNY: Band Widening – Does It Matter This Time?
FX Flashby Saktiandi Supaat
In the past, the widening of the yuan trading band from +/-0.5% to +/-1.0% in 2012 and then to +/-2.0% in 2014 were followed by immediate yuan weakness and volatility. We reckon the same cannot be said for another band widening at this time...
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