China's Latest Offensive Against Yuan Bears: A Staggering 1000+ Pip Fixing Gap Contrary to Market Estimates
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The People's Bank of China (PBOC) is defending its currency against investors who are betting it will devalue. With the PBoC increasing the yuan's daily fixing more than traders had anticipated, witnessed discrepancies reached beyond 1,000 pips - a significant gap. This aggressive move is seen as an attempt by the PBOC to alleviate offshore Yuan (CNH) bearish bets and discourage further short selling. #YuanDevaluation #PBOC #CurrencyWar 📈🏦🇨🇳 Español: El Banco Popular de China (PBOC) está defendiendo su moneda contra los inversores que apuestan a que se devaluará. Con el PBoC aumentando la fijación diaria del yuan más de lo que los operadores habían anticipado, las discrepancias presenciadas superaron los 1.000 pips, una brecha significativa. Este movimiento agresivo es visto como un intento por parte del PBOC de aliviar las apuestas bajistas del yuan offshore (CNH) y desalentar nuevas ventas en corto. #Devaluación del Yuan #PBOC #CurrencyWar 📈🏦🇨🇳
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The People's Bank of China (PBOC) is defending its currency against investors who are betting it will devalue. With the PBoC increasing the yuan's daily fixing more than traders had anticipated, witnessed discrepancies reached beyond 1,000 pips - a significant gap. This aggressive move is seen as an attempt by the PBOC to alleviate offshore Yuan (CNH) bearish bets and discourage further short selling. #YuanDevaluation #PBOC #CurrencyWar 📈🏦🇨🇳 Español: El Banco Popular de China (PBOC) está defendiendo su moneda contra los inversores que apuestan a que se devaluará. Con el PBoC aumentando la fijación diaria del yuan más de lo que los operadores habían anticipado, las discrepancias presenciadas superaron los 1.000 pips, una brecha significativa. Este movimiento agresivo es visto como un intento por parte del PBOC de aliviar las apuestas bajistas del yuan offshore (CNH) y desalentar nuevas ventas en corto. #Devaluación del Yuan #PBOC #CurrencyWar 📈🏦🇨🇳
