Monday, 20 February 2017

China Responds To Fed Jawboning March “Live” – Weakens Yuan, Spikes Money Market Rates

China Responds To Fed Jawboning March “Live” – Weakens Yuan, Spikes Money Market Rates

zerohedge.com / by Tyler Durden / Feb 19, 2017

After a week of jawboning markets into believing that the March FOMC meeting is now “live”, it appears China has decided to send a little message.

After weakening the fix by the most since Jan 9th, Chinese money market rates are soaring (1 week CNH

February 20, 2017 at 08:20AM

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