ICAP Glitch Showing Yuan Plunging 8.8% Fuels Trader Jitters

Updated on
  • Inaccurate third party data caused erroneous pricing: ICAP
  • CFETS data show onshore spot rate rose amid weakening dollar

Yuan investors -- already nervous about Donald Trump’s focus on China’s currency policy -- got a shock Tuesday when ICAP Plc data incorrectly showed the currency sinking to 7.5 per dollar.

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