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China – Offshore yuan deposit rates soar, CNY-CNH gap narrows

ByEamonn Sheridan

Jan 12, 2016

Reuters reports that the offshore yuan (CNH) implied overnight deposit rate has hit a record high at 82%
This is squeezing CNH shorts … big time
As a result, the CNY-CNH spread has narrowed

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By Eamonn Sheridan

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