The Traderszone Network

Published in TZ Latest News 17 August, 2015 by The TZ Newswire Staff

"Global Shock Absorber" China Holds Currency Stable, Margin Debt Rises For 7th Day

Offshore Yuan continues to trade at a discount to onshore against the USD (imply a modest further devaluation is due) but the spread is narrowing and today’s practically unch Yuan fix is dragging USDCNH lower (stronger Yuan). Yesterday’s afternoon session ramp in stocks managed to extend its gains as margin debt rises for the 7th straight day.

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