Yuan Loan Rates Soar in Hong Kong as PBOC Halts Currency's Slide

  • Central bank currency fixing little changed for a second day
  • PBOC intervention caused shortage of yuan, StanChart says

China Yuan Fairly Valued at 10-15% Drop: de Longis

Interbank yuan lending rates in Hong Kong climbed to records across the board and the exchange rate surged the most in four months after suspected intervention by China’s central bank last week mopped up supplies of the yuan in the offshore market.

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