Yuan Erases Drop, Rises (Again) As China Sets Fix Strongest Since November 10

Yuan Erases Drop, Rises (Again) As China Sets Fix Strongest Since November 10

It certainly looks as though we may get a replay of last night's session which saw the yuan surge against the dollar after the PBoC made it clear they intend to take full advantage of the new "cyclical adjustment factor" when setting the daily fix. The offshore yuan was drifting lower ahead of Thursday's CNY fix prompting me to say the following: https://twitter.com/heisenbergrpt/status/870078684803338240 Sure enough, just a half hour later: https://twitter.com/heisenbergrpt/status/870087075
Subscribe or log in to read the rest of this content.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints