China Sees More Currency Volatility as Central Bank Seeks to Discourage Idea That Yuan is a “One-Way Trade,” Says Market Vectors’ Rodilosso

NEW YORK--(BUSINESS WIRE)--Faced with the task of cooling off its credit markets and discouraging excessive foreign currency flows, China has recently demonstrated a willingness to let the value of its currency decline, contrary to the long-held belief that buying the renminbi was effectively a “one-way trade,” according to Fran Rodilosso, fixed income portfolio manager for Market Vectors ETFs.