Offshore Yuan Forwards Show Bears' Confidence Has Been Shaken

  • Contracts' discount to spot rate is near a one-month low
  • Onshore yuan jumped Monday by most since peg scrapped in 2005

Yuan Rally Unlikely to Last: Panmure Gordon

Global investors are winding in bets on a yuan devaluation as a dollar rally reverses at the same time as China strengthens support for its currency.

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