PBOC Slams Yuan Shorts Again – Strengthens Currency Most Since 2005
It appears the messaging from The People’s Bank Of China to The Fed was heard loud and understood. Having exercised its will to weaken the Yuan (implying turmoil is possible), Janet Yellen delivered the dovish goods and so China ‘allowed’ the Yuan to rally back. In a double-whammy for everyone involved the biggest 3-day strengthening […]