USD/CNH spreads tighten by 30 pips in two years
EUR/CNH increasingly liquid cross
Liquidity in the USD/CNH market has grown exponentially in the past two years and forced spreads in the pair to tighten by almost 30 pips, while EUR/CNH is emerging as an independently tradable cross, according to speakers at the National Asset Liability Management conference in London.
Sun Yu, general manager, global markets, at Bank of China Hong Kong, says as well as the tightening in spreads, trading in offshore renminbi products has replaced on-shore non-deliverable forwards as the primary
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