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Regional currencies look to China for FX stability

Toby Yiu
Chinese government intervention in its currency market is the only way to curb regional FX volatility, say market watchers. It came after a second day of pain for Asian currencies as the renminbi continued to fall.
Regional currencies look to China for FX stability

Asian currencies, which have been sent on a downward spiral by China’s devaluation, can only be stabilised by government intervention in the renminbi, say market observers.

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