-
Traders See Wilder Yuan Swings as US Elections Stoke Tariff Bets
A gauge of expected yuan swings is hovering around the highest in nearly two years as traders brace for the risk of tariffs on Chinese exports if Donald Trump wins the tightly contested US Presidential race. The implied dollar-offshore yuan volatility over a one-month period stayed close to the highest since December 2022. The gap between that and a two-week gauge widened the most in data going back to 2011, in a sign that traders are expecting the Nov. 5 US elections to stoke wild market swings. As state-by-state polls show essentially a neck-and-neck race between Trump and his Democratic rival Kamala Harris, yuan ... (full story)