Global View December 2015: China's 'New' New Exchange Rate Regime

by Michael J. Howell14. December 2015 14:05

The PBoC [China’s People's Bank] has just announced a new exchange rate index. The Market is jumping to the conclusion they will target this. The exchange rate basket comprises approximately one-third US$ and related currencies; 27% European units; 14% commodity-related currencies and 27% other Asian units.


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