PBoC to launch RMB/CHF trading ‘very soon'
Move primarily ‘symbolic', says head of renminbi trading at major western bank
The head of renminbi trading at a major western bank has said the People's Bank of China (PBoC) will start trading RMB/CHF directly for the first time "very soon", following media reports on October 15 that the central bank is considering the move.
The Swiss franc would become the seventh currency to trade directly against the renminbi, joining an exclusive group made up of the big four – US dollar, yen, pound sterling and the euro – and the Australian and New Zealand dollar.
The move is seen as
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