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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
A strong rally in the renminbi is testing Beijing’s currency management policies, after China’s stimulus plans and the US Federal Reserve’s embrace of lower interest rates sent Asian currencies surging against the US dollar.
The renminbi’s spot exchange rate has moved tightly in sync with an official “fix” set by the central bank in recent weeks, indicating…
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