Copying and distributing are prohibited without permission of the publisher
Renminbi vulnerable to market forces after 1.5% drop in May
June 04, 2012
The renminbi has experienced its biggest drop in almost 20 years and downside risks remain in the short-term as the currency becomes more market driven, say analysts.
May marked a significant shift in the behaviour of the renminbi which suggests the currency is now more flexible and more market driven then in its recent history.
The currency experienced is biggest monthly drop versus the US dollar since...
This content is only available to Asiamoney PLUS subscribers or trialists.
If you have a username and password, you can login here.
Otherwise, please take a free trial or subscribe for unrestricted access.
Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.
Taking a free trial will give you access to the last 30-days of content (excluding some polls & awards articles), for two weeks. Start your trial today.