One of the main topics on the sidelines of the G20 meetings in Sydney at the end of February was why the normally well-behaved renminbi suddenly turned lower in the middle of the proceedings.
In the past two weeks, the Chinese currency has dropped 1.3 per cent.
Before that lurch down it had reliably appreciated, especially ahead of international gatherings – a policy in keeping with the Chinese government’s long-stated goal for the renminbi to become a reserve currency.
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