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A stronger yuan is among the most underpriced scenarios in the worldโs $9.5 trillion-a-day foreign exchange market, according to Goldman Sachs Group Inc.โs Kamakshya Trivedi.
The yuan advanced to a four-year high against a basket of its trading partnersโ currencies after the Peopleโs Bank of China rejected claims of undervaluation and defended its exchange-rate management.
โBloomberg: The China Showโ is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
Chinaโs longstanding two-speed economy is creating ever greater divergence in its financial markets, with stocks and bond yields sinking to more than one-year lows this month while the yuan has powered higher.