Tag: yuan

Commerzbank’s Barbara Herbert and Michael Rugilo explain the reasons behind the continued rise of renminbi in GTNews

2016 looks like the year in which renminbi became well and truly established as an international currency. In an article for leading treasury magazine, GTNews, Barbara Herbert, Commerzbank’s renminbi expert, and Michael Rugilo, the bank’s Asia expert, delve into the reasons behind the currency’s corporate uptake. In the article, ‘The rise and rise of renminbi’, the …

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BNY Mellon talks dollar demand in Global Banking & Finance Review

The summer of 2014 saw a real shift in the USD environment, with the catalyst for a sharp appreciation in the currency coming from USD from the European Central Bank’s (ECB) decision to introduce a negative deposit rate for the euro (EUR). Within days of its implementation, a rally began that subsequently saw the USD …

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Commerzbank explains how treasurers can gain from RMB internationalisation in AFP’s newsletter

The recent turbulence in China’s markets, coupled with RMB’s devaluation, has caused much consternation among investors and companies alike. However, writing for AFP Online’s Global Treasury and Finance Insights newsletter, Michael Rugilo, Asia Expert, and Barbara Herbert, Renminbi Specialist, at Commerzbank, reveal how treasurers can cope with a volatile currency – arguing that with the correct treasury setups, embracing …

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