BLOOMBERG On The Move January 12, 2016
Welcome to on the move. Lets get first of all right into the first word news with hans nichols. Hans thank you. The cost for banks the yuan surges to a fresh record amid speculation of intervention by the central bank. Jump climbed to. 6. 2 meanwhile, the peoples bank of china is said to have repeatedly intervened in the offshore yuan markets and yesterday. According to people familiar with the matter, the central bank has been cracking down on speculators, in a move aimed at maintaining a Stable Currency. It narrows the onshore and offshore yuan rate difference. Oil has extended declines for ...