You are here

Yuan options at their most bearish since June as traders expect sharper fall

The offshore yuan may slide to seven per US dollar in the near term as the greenback rallies, while low offshore funding costs may encourage investors to add short positions, according to a note by Commonwealth Bank of Australia.


TRADERS are paying more to bet on a yuan decline with options as the currency slumps to an eight-year low amid the US dollar's ascent.

The extra cost for options to sell the yuan against the dollar over contracts to buy was at 1.88 per cent in Hong Kong on Wednesday, three-...

Market voices on: