Tag: US Dollar/Chinese Renminbi FX spot rate
-
China is a ‘relative safe haven’ in the face of banking stress
Citi economists said: “We have long debated our view that China could be an important growth hedge this year – recent global banking tensions may have reinforced this proposition.” The People’s Bank of China’s decision to cut the required reserve ratio showed “reassurance of policy support amid global volatility,” Citi economists wrote. Aerial view of […]