After rising non-stop during Golden Week, offshore Yuan is tumbling (down almost 500 pips) since the Chinese came back from vacation (and Bitcoin is soaring). Tonight’s drop was predicated on a notable weakening by the PBOC, pushing the fix to its lowest since Jan 17th.
*CHINA SETS YUAN FIXING AT 6.8849 VS 6.8604 DAY EARLIER *PBOC SETS YUAN DAILY FIXING AT WEAKEST SINCE JAN. 17
This post was published at Zero Hedge on Feb 7, 2017.
Follow on Twitter
Recent Comments