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China - Offshore yuan deposit rates soar, CNY-CNH gap narrows

Discussion in 'Market News' started by ForexLive, Jan 12, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Reuters reports that the offshore yuan (CNH) implied overnight deposit rate has hit a record high at 82% This is squeezing CNH shorts ... big time As a result, the CNY-CNH spread has narrowed

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