Renminbi rally puts Beijing in a bind
A stronger currency suits Beijing's global ambitions, but threatens exporters. Economists warn the PBOC's latest intervention reveals a delicate balancing act.
November 05, 2026
The euro’s recent wild ride has left many Asian exporters with little choice but to buy protection in the form of put options. But David Naville, director of foreign exchange structuring at Barclays Capital, explained to FinanceAsia recently that there are some simple structures that can help to offset the cost of protection.
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