China’s move to ramp up stimulus measures to boost its economy is providing little fillip for the yuan, while its proxy currencies climb up the regional leaderboard and look to extend gains. The Korean won and Australian dollar, whose performance is closely linked to China due to strong export ties, are set to top the Asia-Pacific currency rankings this quarter. The won’s ascent is notable as it was the worst performer in the first three months of the year. China stimulus though may only being playing limited role in the two currencies’ outperformance. “We are more circumspect that Chinese stimulus presents a major ... (full story)