Fed Ripples? Yuan Tumbles To 2017 Lows As Chinese Money Market Liquidity Dries Up (Again)

www.zerohedge.com | 3/8/2017 | Staff
entengo (Posted by) Level 3
In what could be the beginning of ripples from The Fed's jawboned 'certainty' of a March rate-hike, Chinese money market liquidity conditions appear to be drying up once again as overnight offshore yuan rates surge 142bps to one-month highs.

At the same, spot offshore Yuan rates have plunged to their lowest since January 4th's...
(Excerpt) Read more at: www.zerohedge.com
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