Yuan Bearish Bets Wane to 2014 Low as PBOC Seen Tightening Grip

Updated on
  • No reason to aggressively wager against currency, DBS says
  • Central bank raises daily reference rate by most since June 23

Options traders are the least bearish on the yuan in two years amid speculation China’s leaders are looking to stabilize the currency and that any weakening will be gradual.

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