| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
PBOC Wins The Battle: Yuan Surges To Highest In 2016, Currency War Not Over
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
zerohedge.com / by Tyler Durden / 02/05/2016 08:13
With China now closed for all intent and purpose for a week as Golden Week arrives, it appears The PBOC wanted to leave the market a message. Clear and direct intervention in offshore Yuan has ripped it 800 pips higher in the last 2 days to its highest since mid-December and stronger than onshore Yuan. However, while PBOC may have won this battle, surging CDS suggest the currency war is far from over.
Offshore Yuan has ripped higher (just as it did in early Jan)…
The post PBOC Wins The Battle: Yuan Surges To Highest In 2016, Currency War Not Over appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/05/pboc-wins-the-battle-yuan-surges-to-highest-in-2016-currency-war-not-over-2/
