Yuan update - finding a few bids in the wake of promises

  • Onshore and offshore yuan touch stronger

I posted earlier with the info on what was announced from China late on Monday and how it impacted:

Chinese equities jumped at the open today, pulled back, but are net higher on the session.

The yuan has found some strength also - here is the offshore update:

usdcnh yuan stimulus 10 December 2024 2

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