Traders are More Bearish on Yuan Than They Are on Argentine Peso

  • Hedging cost on China's currency among most expensive globally
  • One-month yuan forwards fall to near four-year low on Monday

Market Rout Deals Emerging Assets a Violent Blow

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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