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Sarasin: US and PRC to announce “cooling” appreciation of the renminbi

Sarasin has predicted that the 11–12 November G20 meeting will presage a “gradual and controlled” appreciation of the renminbi, along with other Asian currencies. Guy Monson, Sarasin’s chairman of the investment policy committee, speaking in Singapore, said a rebalancing of currency values will play out a 24–36 month period, which will see strong capital inflows into Asia over the next…

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