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Today's yuan strength - what the PBOC hope to achieve

Discussion in 'Fundamental Analysis' started by ForexLive, Jan 12, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Its a hectic day in the yuan market Borrowing rates if you want to short the offshore yuan have blown out. Hugely. Which has narrowed the gap between the onshore (CNY and offshore (CNH), with the CNH trading stronger than CNY, a huge reversal of last week's record gap between the two.

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