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Renminbi vulnerable to market forces after 1.5% drop in May
June 04, 2012
From Lorraine Cushnie
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...
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