Allianz Global Investors Cuts Bullish Yuan Bet, Turns Neutral After Rally
2026-06-16 01:29:56
Allianz Global Investors reduced part of its bullish yuan position and shifted to a neutral stance after taking profits following a rally that made the Chinese currency Asia’s best performer this year. In doing so, according to Bloomberg, the firm said it was locking in gains after the yuan’s advance.
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