
"Incredibly Aggressive" China Crushes Yuan Bears: CNH Surges Most On Record As Deposit Rate Hits 80%
Last night we were amazed to report that with China starting its trading day, the overnight offshore yuan (CNH) deposit rate had exploded 31.5% points higher to 45%, in a move which while freezing interbank liquidity and unleashing havoc to short-term bank funding needs, had the more direct
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