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Overnight yuan HIBOR to record 66.8% (from yesterday’s 13.4%)

ByEamonn Sheridan

Jan 12, 2016

CNH based overnight Hong Kong interbank offer rate, or HIBOR has surged to a whopping 66.8%
– From 13.4 yesterday, and 4% last Friday
– Record high today
This is part of PBOC attempts to curb short-selling of the yuan

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By Eamonn Sheridan

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