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renminbi yuan

Tuesday Chart Check (Squeeze Please Edition)

Shaking out the shorts...

Sqeeeeeeeeeeze…

chart

(Chart: Citi)

From Citi: 

Our economists see the CNH liquidity stress as a low-cost option (that could persist for a while) for authorities to shake out speculative CNH shorts by making short holding costs soar.

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Sorry, but I had to show it again.

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