With only 0.3 per cent of trade payments settled in yuan, the won-yuan market has the potential to grow rapidly. Photo: Bloomberg
With only 0.3 per cent of trade payments settled in yuan, the won-yuan market has the potential to grow rapidly. Photo: Bloomberg
Business /  Banking & Finance

Goldman Sachs warns won-yuan trading will weaken South Korean currency

US bank predicts that direct trading between won and yuan could slow inflow of US dollars

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Updated: 2:02am, 1 Aug, 2014

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With only 0.3 per cent of trade payments settled in yuan, the won-yuan market has the potential to grow rapidly. Photo: Bloomberg
With only 0.3 per cent of trade payments settled in yuan, the won-yuan market has the potential to grow rapidly. Photo: Bloomberg
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