Offshore Yuan Gains as Record Loan Rate Linked to InterventionBloomberg News
Currency in Hong Kong erases discount to onshore rate
Overnight yuan Hibor advances to unprecedented level
The yuan climbed to a seven-week high in Hong Kong’s offshore market, erasing its discount to the rate in Shanghai, and an overnight rate to borrow the currency jumped by a record amid speculation China’s central bank was intervening to support the exchange rate.
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