Monday, October 10, 2016


"Official data show that $27.7 billion in yuan payments left China in August. That’s compared with a monthly average of $4.4 billion in the five years through 2014"

"There is some window guidance from the central bank that limits companies’ dollar conversion onshore, so they need to move the money overseas in yuan...This pressures the offshore yuan’s exchange rate."

3 day rate of change: