The Fed’s cowardly “hold” sparked an avalanche of Yuan buying, USD selling this afternoon, squeezing shorts enough to dissolve the last 3 days of weakness. The 450 pips rip was the biggest since early February as for the 2nd time in a week (ECB and Fed) Yuan shorts have been taken to the cleaners…
For now Chinese trading is ‘stable’ with CNH leaking lower (just as it did after The ECB escapade).
Запись Shorts Slammed As Yuan Spikes Most In 6 Weeks впервые появилась crude-oil.top.