Yuan Bears Squeezed as PBOC Seen Boosting Funding Costs: Chart

China’s central bank just sent a message to yuan bears. The cost of borrowing the currency in Hong Kong jumped to 5.45 percent on Thursday, the most expensive since February, on speculation policy makers tightened liquidity after the yuan approached 6.7 per dollar. That figure is seen as a red line for the People’s Bank of China seeking to halt depreciation in the nation’s currency.

Before it's here, it's on the Bloomberg Terminal.