Source: China – South China Morning PostAn organisation formed by key participants in China’s currency market urged banks to limit speculative foreign-exchange trading after the yuan climbed to a six-year high versus peers.The China Foreign Exchange Committee (CFEC)– founded under guidance from the central bank – encouraged lenders to be risk-neutral when trading foreign exchange for themselves and for clients, according to people familiar with the matter.Banks were advised to better track their proprietary trading and improve risk…Read More