CNH surge continues as China squeezes offshore liquidity
The offshore renminbi (CNH) reached its strongest point against the dollar since the start of the year on Thursday, despite China’s sovereign rating downgrade last week. Analysts say the sharp turn reflects Chinese regulators’ determination to keep the currency from falling ahead of renewed pressure from external factors.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: