Yuan Bears China is once again trying to crush those speculators who are attempting to short the yuan. Repeating a similar tactic used last year, last night the offshore yuan deposit rate exploded 31.5% higher to 45% freezing interbank liquidity and crushing yuan shorts by forcing short holding costs through the roof. SocGen: Here’s Why China’s 6.5% Growth Is Unsustainable China Introduces Yet Another Round Of Capital Control Measures The Big Short 2: Hedge Funds Bet Billions On China’s Fall If any shorts managed to weather this storm, they were hit again later on in the trading day although this…
China Hits Yuan Bears By Sending Overnight Rates To 80%
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