Amid the continuing US-China commerce conflict this yr, Chinese language exporters selected to carry regular on their hedge ratios, in accordance with sellers, owing to excessive hedging prices and expectations of a steady spot price.
Exporters accumulate US {dollars} from overseas gross sales, and plenty of have held on to these {dollars} in anticipation of continued strengthening in opposition to the Chinese language renminbi that started in 2022.
However when the renminbi started rising after the ‘liberation day’ tariff announcement in April, the numerous curiosity
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