China's Yuan Trading Likely to Get More Volatile, Goldman Says
- Diminishing current-account surplus set to add pressure
- China seen less vulnerable if funding in own currency: Goldman
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China’s exchange rate is likely to get more volatile in time as the country pushes greater international use of the yuan, according to Goldman Sachs Group Inc.
While the yuan-internationalization campaign hit a setback as China tightened regulation of capital flows in the wake of a messy 2015 devaluation, there’s increasing pressure for policy makers to take up the initiative again, economists including MK Tang wrote in a note Monday.