FX VOICE: CNH liquidity squeeze raises eyebrows

A severe liquidity squeeze in the offshore renminbi deliverable forward market was spotted on the very front-end of the curve, on July 3. The overnight implied rate shot up to 15% at one point. Should corporations be worried? CT asks the experts.

By Daniel Flatt

Jul 9, 2012

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Frances Cheung, senior strategist Asia ex-Japan, Credit Agricole CIB:

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