Chinese yuan’s slide: Nothing to see, here, folks

0
7

Photo: Reuters / Tyrone Siu

China has preemptively eased monetary policy in response to American trade pressures, and the RMB has weakened modestly in response. Speculative interest in the RMB is minimal, as indicated by the very low rate for borrowing overnight RMB offshore in Hong Kong.

RMB falls as China loosens monetary policy

HK offshore CNY overnight rate

More on the yuan’s slide (from Reuters):

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here