One-year non-deliverable forwards, which reflect the exchange rate’s future outlook, were trading between 6.51 and 6.52 against the US dollar. Photo: EPA

Yuan under depreciation pressure as onshore-offshore gap widens

Spread hits a monthly high of more than 390 basis points

Topic |   Yuan

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One-year non-deliverable forwards, which reflect the exchange rate’s future outlook, were trading between 6.51 and 6.52 against the US dollar. Photo: EPA
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