More Yuan Weakness “Inevitable,” One Bank Says

More Yuan Weakness “Inevitable,” One Bank Says

Ok, so I'm admittedly biased, but I think I can say with some degree of confidence that China, the RMB, and Hong Kong money markets are among the most important stories on Thursday. As noted earlier this morning, yuan funding costs are soaring on the heels of Beijing's stepped up capital controls and renewed vigor with regard to controlling the pace at which the RMB depreciates against the dollar. CNH HIBOR hit its highest levels since September this week while CNH NDF points and O/N depo rates
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