30th December 2015 archive

Today’s News December 30, 2015

China Suspends Foreign Banks' FX Trading As Offshore Yuan Spread Signals Massive Outflows For the first time since the August collapse, Offshore Yuan is trading over 1000 pips weaker (relative to the USDollar) than onshore Yuan, signalling outflows are once again escalating. Following the chaos in HIBOR money-markets, Offshore Yuan has crashed to 6.5970 (below …

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