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Renminbi risks apparent, says J. Safra Sarasin

The People’s Bank of China (PBOC) is expected to keep the yuan stable in 2016, even as it is expected to depreciate further against the stronger US dollar due to China’s weak economy, notes Bank J. Safra Sarasin. As China’s economic stabilisation has not been present despite efforts from Beijing’s policy makers, the USDCNY pair is deemed to advance “slightly more…

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