WisdomTree: Chinese Currency Volatility & Band Widening Could Spell Opportunity
April 09, 2014 at 10:24 AM EDT
On March 15, 2014, the People’s Bank of China announced that it would widen its trading band for the Chinese yuan to 2% from 1%. While rhetoric about widening the trading band had increased in recent weeks, most analysts believed this change in policy would occur later in the year. After...