Chinese currency to rise by 25% against dollar

This was a central message of guest-speaker Tom Hobson, head of fixed-income strategies at Merrill Lynch Investment Managers in London, at the Asia Pacific-USA Chamber of Commerce conference in London last week. Hobson told delegates that with inflation struggles beginning, reform allows for FX flexibility in future.

He said the rational policy decision for the Chinese authorities to best manage the current situation would be to allow the renminbi to appreciate rather than risk potentially

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: