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China’s Offshore Confusion

By |2015-12-31T17:00:59-05:00December 31st, 2015|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

China’s government or the PBOC moved to suspend three foreign banks from participating in cross-border currency transactions. From what I have seen, and nothing has been confirmed, rumors have suggested that Deutsche Bank was one of the three. The move has, as usual, created all manner of confusion in how to frame what the PBOC or Chinese regulators might be [...]

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