Fears of sharp yuan devaluations loom but J. Safra Sarasin believes that China’s commitment to making its currency an international one is set to stabilise its exchange rate to the dollar. “It is quite clear what the People’s Bank of China (PBOC) wants,” says Ursina Kubli, economist and FX specialist at J. Safra Sarasin. “They have put a lot of…
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