PBoC behind RMB depreciation

China central bank acts to stimulate two-way trading

Chinese currency

A sudden depreciation in the valuation of the renminbi in offshore and onshore markets since the middle of February is a temporary move engineered by the People's Bank of China (PBoC) in order to encourage more two-way movement in the currency that will impact short-term investors rather than longer-term investors and corporate hedging activity, say market participants.

According to Bloomberg data, the RMB has strengthened against the USD in all but three quarters since a dollar peg ended in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here