| China is unlikely to engage directly in the so-called currency wars, but may relax its controls on the yuan's movements against the US dollar to adjust for imported disinflation, says Nomura. The investment bank suggests in a note that recent reports in China point to a widening of the band within which the yuan is allowed to float.
Such a move could be promoted as another step in the country's move towards full financial market integration, Nomura suggests, while maintaining the yuan's competitiveness in the face of monetary easing around the world...............................................Full Article: Source
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