Overnight offshore Yuan HIBOR set at highest since Aug. 26

The overnight offshore Yuan (CNH) Hong Kong Interbank Offered Rate (HIBOR) was set at 3.96667%, the highest level since August 26th, 2019, according to Reuters.

The HIBOR rise indicates that the overseas investors remain wary about Beijing’s plan for a far deeper devaluation in the Yuan, despite the fresh optimism on the US-China trade front.

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