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... ing to rebound.”
"Who is it? Has Tianxing Finance started hedging?”
The news of Tianxing Finance entering the market to go long on Renminbi spread quickly. The reputation built up over the years caused a lot of speculative capital to stop for profit or temporarily lock positions and observe, further driving the offshore Renminbi rebound.
In an instant, the offshore Renminbi surged 285 basis points, gradually recovering the previous losses.
"It’s Lu Liang’s funds, ...
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