In its report on Monday, China International Capital Corporation stated that increased arbitrage activities amid the widening gap in Sino-US interest rates are the source of pressure on the renminbi exchange rate. It is recommended to take advantage of opportunities when the US dollar falls to push for greater volatility in the renminbi and to restore bidirectional flexibility to the central parity rate.
中金：增加人民币汇率波动性是破除套利交易贬值压力的关键
CICC: Increasing the volatility of RMB exchange rates is the key to breaking the devaluation pressure of arbitrage trading.
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