Source: China – South China Morning PostHedge funds are ramping up options wagers, signalling that the Chinese yuan’s rally against the US dollar still has room to run.
Their demand for options that become profitable if the yuan rises against the dollar has increased, according to traders who asked not to be identified. Investors are now targeting a yuan at around 7 or stronger by the end of the year, SGX Derivatives Exchange data showed, on rising confidence in China providing policy support and shifting US interest rate…Read More