RMB plunge spotlights key risks for global investors
The Chinese currency's breaching of a key level against the dollar has sparked market turmoil and will be posing some tough questions for asset owners.
China's currency weakening beyond 7 to the US dollar on Monday has wide-ranging implications for asset owners globally: it could prompt reviews of investment portfolios and strategies and will lead to greater scrutiny of the risks posed by dollar-yuan moves, experts say.
This latest salvo in the prevailing US-China trade war has been widely seen as evidence that Beijing is not averse to using its currency as leverage in the dispute.
And yet it could encourage mainland investors …
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