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RMB Bulls: Brace yourself, two-way trading is coming!

“The one-way appreciation story is over,” says Christophe Bouculat, head of foreign exchange structuring, Asia Pacific at HSBC, reflecting the newfound wariness amongst private banks and their clients about the future of the Chinese yuan after it fell over 3% against the US dollar (USD) in the first half of this year. The stumble comes after a 19-month streak of…

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