China’s booming economy fuelling alternative yuan trades

China’s booming economy fuelling alternative yuan trades

The Edge Markets - World·2021-04-23 15:10

(April 23): Optimism over China’s economy is fueling some alternative bets in the foreign-exchange market.

Buy the yuan against the Singapore dollar and yen on expectations that China’s growth would outperform the region, analysts say. The upbeat view has boosted the Bloomberg CFETS RMB Index, which tracks the Chinese currency’s movement against 24 trading-partners, to its highest in three weeks.

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