China USDCNY yuan

Offshore Yuan Falls After Weaker-Than-Expected Fix, Snaps Back

As we've said repeatedly, with Chinese equities riding a hot streak, with capital flight seemingly under control, and with a rapidly appreciating yuan bound to weigh on the economy eventually, don't be surprised if the PBoC takes the opportunity to push back - at least a little bit. 

As we've said repeatedly, with Chinese equities riding a hot streak, with capital flight seemingly under control, and with a rapidly appreciating yuan bound to weigh on the economy eventually, don't be surprised if the PBoC takes the opportunity to push back - at least a little bit. 
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1 comment on “Offshore Yuan Falls After Weaker-Than-Expected Fix, Snaps Back

  1. The gears are grinding slower. PBoC pumped a net +470B yuan into the mainland financial sector last month.

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