The Chinese yuan is drawing attention as a haven from volatility after its best quarter in 12 years.The onshore renminbi gained 3.8 per cent in the three-month period ending September 30, the most since early 2008, while its offshore counterpart advanced more than 4 per cent.That was more than Group-of-10 currencies including traditional refuges like the Swiss franc and Japanese yen, a remarkable turnaround considering the yuan’s devaluation just five years ago triggered a broad market rout…
from South China Morning Post https://www.scmp.com/business/banking-finance/article/3103906/chinas-currency-takes-sheen-safe-haven-asset-against
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Thứ Sáu, 2 tháng 10, 2020
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South China Morning Post
China’s currency takes on the sheen of safe haven asset against volatility, ending third quarter with its biggest gains in 12 years
China’s currency takes on the sheen of safe haven asset against volatility, ending third quarter with its biggest gains in 12 years
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