2 ms·
Enough that it 'd consist a sizable amount of the trading volume. Then businesses will bother to figure out the FX costs associated with trading in Yuan. And th
by Iolaum 6y ago
Enough that it 'd consist a sizable amount of the trading volume. Then businesses will bother to figure out the FX costs associated with trading in Yuan. And then trading in Yuan has to be more profitable than trading in USD.
Don't know enough to evaluate possible outcomes for each step.