Yuan Optimism Grows as Dollar Hedging Costs Hit Three-Year Low
(Bloomberg) — Growing optimism toward the Chinese yuan is spreading into hedging activities, with the cost that mainland investors have to pay to guard against possible dollar losses falling to a three-year low. Dollar‑yuan forwards imply investors can lock in a 12‑month settlement at around 6.86, roughly 1.7% below the current spot rate and near…