Top yuan forecaster exits long trade after making 4.5% gain


  • Business
  • Saturday, 12 Aug 2017

THE top-ranked yuan forecaster is betting the currency’s stunning advance has run its course for now.

Skandinaviska Enskilda Banken AB (SEB) has exited its long positions after making a 4.5% profit this year, according to Sean Yokota, the bank’s head of Asia strategy in Singapore and the most accurate forecaster for the yuan in the second quarter as ranked by Bloomberg.

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