China Hits ‘Inflow’ Panic Button- Strengthens Yuan Fixing By Most In 4 Years

The PBOC strengthened the CNY fixing by over 0.3% today – its biggest fixing move since June 2010 as the Yuan strengthens to 6-month highs against the USD. This seeming ‘panic’ move comes on the heels of last night’s record trade surplus – which as Goldman notes – was likely dominated by FX inflows…

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China Hits ‘Inflow’ Panic Button- Strengthens Yuan Fixing By Most In 4 Years

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