Yuan And Pound Fight For Title Of World's Most Volatile CurrencyRupert Hargreaves
Even though 2017 is only a little more than a week old, the Chinese yuan and British pound are already hard at it fighting for the title of the world's most volatile currency of the year.
Everyone’s favorite short, the yuan, has been a rollercoaster ride over the past seven days. Just before the currency hit the key psychological seven level against the dollar, Chinese policymakers engineered what can only be described as a massive short squeeze, sending the offshore spot rate surging to a high of more than 80% at the end of last week crippling shorts . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.