Yuan Volatility Wanes Offshore as Hibor Eases, Fed Holds Rates

Updated on
  • Overnight hibor rate has slumped to 1.46% from 23.7% on Monday
  • Offshore yuan supply could tighten again if dollar gains: ANZ

A gauge of expected price swings in the offshore yuan dropped to the lowest level in a month as a cash squeeze eased and the Federal Reserve scaled back its outlook for higher borrowing costs.

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