Traders are More Bearish on Yuan Than They Are on Argentine PesoBy
Hedging cost on China's currency among most expensive globally
One-month yuan forwards fall to near four-year low on Monday
In a sign of just how distressed the Chinese market has become, traders are more bearish on the yuan than they are on the currency of Argentina, a country which suffers from a bond default, a stagnant economy and the second-highest inflation in the world.
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