CHINA - Fund managers have responded to China's revaluing of its currency, the yuan, for the first time in a decade, as a "positive move" despite it placating criticism from the US.
The move was widely seen as the first step towards the liberalisation of China's tightly controlled currency. China's currency had been pegged at 8.28 against the dollar, but the shake-up effect...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
