Renminbi set to outdo yen in offshore trade, brokers say

Chinese yuan note

The offshore renminbi (CNH) market has shot into the spotlight since the liberalisation of regulations for the currency, with some market players predicting USD/CNH could become the main Asian trade.

“China is the financial story of our times because it is not an emerging economy – it is the second largest economy in the world – but its financial markets are developing. It becomes an important trade between Europe, America or Asia. USD/JPY is the main dollar Asian trade now but at some point in

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