Yuan peg under pressure

Pressure on China to revalue the renminbi gathered momentum last month, with calls from Alan Greenspan, chairman of the Federal Reserve, for a change in the yuan’s peg to the US dollar.

“He used tougher wording than he has in the past, and said it would be to the detriment of China if it did not make a move sooner rather than later,” Steve Saldanha, chief forex strategist at TD Securities in Toronto told Asia Risk’s sister publication FX Week.

Many US politicians argue that the renminbi is

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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

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