What Is Driving Offshore RMB Volatility?Rupert Hargreaves
What role does Hong Kong Liquidity playing in the recent Offshore RMB Volatility
Recent bouts of higher CNH funding costs and sharp moves lower in USDCNH have raised questions as to whether Chinese authorities are deliberately strengthening the yuan. A new report from UBS’s global macro strategy team suggests while the market believes this is the case, suspected actions by the People’s Bank of China may not actually be a new policy, and the strengthening is something that has been taking place for some time . . .
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