Economics
Morgan Stanley Sees Yuan Selloff as SinoPac Barred: China Credit
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Options traders are the most pessimistic on the offshore yuan in almost 10 months as the currency slides and Taiwan cracks down on derivative products.
The premium that investors pay for one-year contracts giving them the right to sell the yuan over options to buy advanced to 2.5 percentage point on April 25, the highest close since July 5, data compiled by Bloomberg show. The rate was at