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As renminbi weakens, is client confidence weakening too?

In a little over a month, the renminbi’s spot rate has slipped 1.6% against the US dollar – the second largest drop since 2011. Has Asia’s favourite currency appreciation story, which has been a steady source of returns for FX-linked structured product investors, sent clients scrambling to cover their positions? “Many clients at our bank still believe in the yuan’s…

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