The Traderszone Network

Published in TZ Latest News 6 January, 2016 by The TZ Newswire Staff

Options Traders See Yuan Collapse Continuing In "Dangerous Situation For Policy-Makers"

Surely, The PBOC will step in at some point and save the collapsing currency? Nope – not if options traders (and Kyle Bass) are to be believed. The odds of the yuan breaking beyond 7 to the greenback by the end of March more than doubled to 12% (from 5.8% at the start of December). Ironically, Bloomberg reports only 1 of 39 analyst predicts Yuan to trade beyond 7 by the end of 2016.

read more