This meant that as the US dollar appreciated, so too did  BIS central bankers’ speeches  1  the Chinese currency; on a trade-weighted basis, the renminbi had appreciated by around 15 per cent between mid 2014 and the end of July this year.
8277, December. 6 World Bank (2018): Global Economic Prospects, June. This and other related indexes can be obtained from: http://www.policyuncertainty.com/. 7 International Monetary Fund (2018): Global Financial Stability Report, April. 5  Naturally, a substantial degree of heterogeneity underlies these projections, as global investors can be expected to differentiate amongst individual countries depending on the strength of their economic fundamentals.