USD/CNY will be the next EUR/USD, say traders

When China’s capital markets are fully open, the impact of the renminbi on FX markets will be immense

Beijing: the opening up of China's capital markets is not far off, one panellist said

As the internationalisation of the renminbi progresses and Chinese capital markets open up, the direction of travel for the currency can only increase, according to market participants.

“It’s a huge opportunity for renminbi growth. We all know it’s going to be the next EUR/USD. It’s just a question of what the path looks like exactly and how long it takes to tread,” said Chris Hall, a senior trader at China Construction Bank, speaking on a panel at the Sibos conference in London on September 23

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 -, or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

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: