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More RMB volatility seen as central bank takes a back seat

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The renminbi (RMB) which has fallen by more than 4 per cent against the dollar since November is expected to drop further and be more volatile this year as downward pressures on the currency persist and the central bank gradually steps back amid ongoing financial reforms.

Beijing

THE renminbi (RMB) which has fallen by more than 4 per cent against the dollar since November is expected to drop further and be more volatile this year as downward pressures on the currency persist and the central bank gradually steps back amid ongoing financial reforms.

sentifi.com

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