You are here

Yuan bears take a US$562m beating from currency's resilience

Options that pay out if yuan drops below 6.6 per US$ expire worthless
Tuesday, March 15, 2016 - 05:50

BT_20160315_YUAN15_2165637.jpg
Bearish investors now face a difficult choice - they can abandon the trade, or hunker down for what could become a costly waiting game.

Hong Kong

THE battle over the fate of China's currency is starting to get bloody for the bears.

Seven months after a shock devaluation spurred hedge funds and other speculators to wager on further declines, the yuan's unexpected resilience has turned many of those bets into losers

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom