Yuan Slides After China Makes It Easier To Short Currency, Signals "Discomfort" With Recent CNY Surge
October 11, 2020 at 17:34 PM EDT
Friday, the onshore yuan soared the most since China's de-pegging. This was as it rushed to catch up to the recent gains in the offshore yuan that were driven by a shift in market sentiment that a pro-China Biden administration may replace Trump.