China’s two-week offshore Yuan (CNH) Hong Kong Interbank Offered Rate (HIBOR) rose to 4.04% on Monday, the highest level since November 2018, according to Reuters. Meanwhile, the one-week HIBOR rate to 4.09%, the highest since November 2018. Also, the one-month rate jumped to 3.87%, the highest since December 2018. The uptick in CNH HIBOR suggests tightness in yuan liquidity offshore (Hong Kong), and that could mean shorting the Chinese currency has become more expensive. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Pres. Trump aides say he isn’t ordering US companies out of China – WSJ FX Street 4 years China's two-week offshore Yuan (CNH) Hong Kong Interbank Offered Rate (HIBOR) rose to 4.04% on Monday, the highest level since November 2018, according to Reuters. Meanwhile, the one-week HIBOR rate to 4.09%, the highest since November 2018. Also, the one-month rate jumped to 3.87%, the highest since December 2018. The uptick in CNH HIBOR suggests tightness in yuan liquidity offshore (Hong Kong), and that could mean shorting the Chinese currency has become more expensive. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
