NDFs Spotlight Yuan Depreciation Fears

All tenors of USD/CNY non-deliverable forwards are pricing in greater depreciation of the yuan against the U.S. dollar, as the market speculates whether the Peoples’ Bank of China will allow the Chinese currency to weaken so as to stimulate export growth.

  • 04 Dec 2008
--Daniel Flatt

All tenors of USD/CNY non-deliverable forwards are pricing in greater depreciation of the yuan against the U.S. dollar, as the market speculates whether the Peoples’ Bank of China will allow the Chinese currency to weaken so as to stimulate export growth.Market behavior has been prompted, in part, ...

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