Chinese yuan short bets hit record high on slowdown fears, Fed policy

Capt. John

Short positions on the Chinese yuan touched their highest on record and bearish bets on other Asian currencies surged on worries over an economic slowdown in China and aggressive policy tightening in the United States, a Reuters poll found. The yuan has tumbled in recent weeks on fears over the economic fallout of strict COVID-19 …

The post Chinese yuan short bets hit record high on slowdown fears, Fed policy first appeared on Hellenic Shipping News Worldwide.

Author: Capt. John

https://www.hellenicshippingnews.com/chinese-yuan-short-bets-hit-record-high-on-slowdown-fears-fed-policy/

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