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Expect currency wars in 2016, DBS chief warns

S'pore economy will also go through its "trickiest and most sensitive" transformation for a long time to come
Thursday, January 7, 2016 - 05:50

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2016 will be a year of "currency wars" and a yuan depreciation could lead to more corporate defaults by unhedged Chinese companies, DBS CEO Piyush Gupta warned on Wednesday, adding that he thinks the greenback could start to weaken as early as the second quarter.

Singapore

2016 will be a year of "currency wars" and a yuan depreciation could lead to more corporate defaults by unhedged Chinese companies, DBS CEO Piyush Gupta warned on Wednesday, adding that he thinks the greenback could start to weaken as early as the second quarter.

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