Brexit, Already Baffling to China, Would Add to Yuan Woes: ChartTian Chen
The prospect of Brexit is causing a headache for officials in Beijing, given the likely turmoil in financial markets that would follow a British vote to leave the European Union. Sharp declines in the Chinese currency -- already trading near a five-year low -- would prompt intervention by the nation’s central bank, according to Roy Teo, a senior currency strategist at ABN Amro Bank NV.
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