Pace of renminbi appreciation will slow, says Deutsche
The growth of the offshore renminbi (CNH) market has been this year's success story, as corporates and investors alike pile into the currency. CNH trading volumes have reached around $2 billion a day. However, global markets volatility has caused huge dislocations in the CNH markets as investor appetite for risk diminishes, says Jens Scharff-Hansen, co-head of foreign exchange trading for Asia at Deutsche Bank in Hong Kong.
"The flows in 2011 have been well balanced overall, although financial
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