Fundamental: Widening US-China Rate Gap Set to Weigh on Yuan’s Resilience

Interest-rate differentials are turning against the yuan again and that's likely to put short-term pressure on the currency, according to strategists. The spread between three-month yuan Shibor, an indicator of Chinese bank wholesale borrowing costs, and the dollar Libor equivalent has expanded to the widest since November after shrinking late last year. ...     Alert Mar 31, 2023, 2:54pm Fundamental: Widening US-China Rate Gap Set to Weigh on Yuan's Resilience Interest-rate differentials are turning against the yuan again and that's likely to put short-term pressure on the currency, according to strategists. The spread between three-month yuan Shibor, an indicator of Chinese bank wholesale borrowing costs, and the dollar Libor equivalent has expanded to the widest since November after shrinking late last year. ... View Story Edit This Alert     You've opted-in to receive Alerts from Forex Factory. • Unsubscribe from this content • Enable Do-Not-Disturb to pause all Alerts • Contact FF for Alert support