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The expense of currency
— Papasavvas: ‘investors yet to sort out the costs problem’

Too many pension funds are paying well over the odds for currency trades due to a lack of oversight. Roxane McMeeken explains.

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Cranking up pressure for liberalisation
— Chinese President Hu (left) and Prime Minister Wen seem more willing to consider proactive moves to capital account liberalisation than were their predecessors

Neil Mellor examines the prospects for a currency regime change in light of the Chinese central bank’s decision to raise interest rates.

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