Operations by the PBOC have made it more costly to short the yuan traded in Hong Kong. Photo: Reuters

Surging yuan Hibor highlights tight liquidity

The overnight yuan Hibor rate surged by 522 basis points in Hong Kong, making it more costly to set up trades that benefit from the currency’s depreciation

Topic |   Yuan

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Operations by the PBOC have made it more costly to short the yuan traded in Hong Kong. Photo: Reuters
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