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We're doing a lot of it now, especially on forwards and options there's a lot of benefit in settling direct in yuan. Interest rates are above 4 percent so while you're holding the position you get that interest rate carry. That offsets the marginally wider spreads you will get on the yuan compared to the dollar.

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Reuters 8 years ago

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    "Tobias Davis Quotes." Quotes.net. STANDS4 LLC, 2024. Web. 25 Dec. 2024. <https://www.quotes.net/citizen-quote/158634>.

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