FX Focus - Editor's Letter
At a time of low volumes and low volatility in FX, the rise and rise of the renminbi's global stature is a good news story on which the market is keen to hang its hat. From virtually nowhere, it has broken into the top ranking of globally traded currencies in just a few short years. FX dealers rave about market share opportunities in China and Western politicians are keen to jump on the bandwagon.
In the meantime, quite a few participants have had their hands burnt by the recent depreciation in
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