Photographer: SeongJoon Cho/Bloomberg

Yuan Interbank Rate Surges in Hong Kong in Sign of Intervention

  • Overnight Hibor increases 15.7 percentage points on Monday
  • Central bank seen shoring up currency before SDR inclusion

The overnight interbank yuan rate surged the most since January in Hong Kong amid speculation China’s central bank is intervening to fend off bearish bets on the currency.

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