onshore

China’s yuan onshore rate is hitting the daily limit repeatedly, while offshore remains weak.

More trouble for China's yuan ahead. Already high drama w/onshore rate (CNY) right at the 2% daily limit day after day. Offshore continues to be substantially weaker. Given what the Chinese reported from their economic situation, can't blame CNY or CNH. Economy is not responding. pic.twitter.com/nTzeSxVe9r — Jeffrey P. Snider (@JeffSnider_EDU) April 17, 2024

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads and the generous support of readers like you to keep delivering free, high-quality content. Right now, we are facing serious funding challenges and we need your help more than ever. Disable your ad blocker and this message will vanish. You can also sign up for a membership to enjoy an ad-free experience while supporting our work: https://citizenwatchreport.com/plans/subscriptions/ Your support helps us stay independent, continue our work, and keep content free for everyone. We truly appreciate your understanding and thank you for standing with us.