Yuan Intervention Signs Intensify as Offshore Loan Rates Surge

  • PBOC may be trying to crack down on bearish wagers: Mizuho
  • Offshore exchange rate declines first time this week

What's Causing the Recent Spike in Yuan Hibor Rates?

The cost of borrowing yuan in Hong Kong surged to a seven-month high amid speculation China’s central bank is intervening to discourage bearish bets on the currency.

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