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Yuan Rides Ridiculous Hot Streak, Now Up 9 Sessions In A Row
Boy, I'll tell you what, the yuan has got some serious momentum.
Following the strongest fix in a year (0.34% stronger to 6.6353 per dollar), both the onshore and offshore yuan rallied hard, pushing through 6.63 and beyond.
From where I'm sitting, this looks like the ninth consecutive winning session for the offshore yuan. That's the longest streak since January 2014.
"The PBOC isn't ready to allow the pair to go into free-fall and as the 6.60 line approaches the daily yuan parity fixings
