Three-quarters of RMB participants feel depreciation pain

RMB volatility causes losses in market

renminbi-notes

Bank traders estimate around three-quarters of participants in the renminbi market lost money during the recent and ongoing depreciation of the Chinese currency against the US dollar.

In February, the People's Bank of China (PBoC) launched a steady attack on the dominant, long-only renminbi position, which had been entrenched in the market for a number of years.

"The perception is that this has been one of the biggest episodes of central bank intervention in recent years." says Vipul Agarwal

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: