Tag Archives: Stefan Scheurer

Allianz Global Investors: latest move by the People´s Bank of China to devalue the Renminbi by almost 2% remarks the biggest daily deprecation since 1994

The latest move by the People´s Bank of China (PBoC) to devalue the Renminbi (RMB) by almost 2% remarks the biggest daily deprecation since 1994. While surprised by many investors, the exchange rate reforms are complementary with ongoing capital account … Read the full press release