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Analysis: Hedge funds embrace China yuan short trade, but no doomsday in sight

Reuters  |  LONDON 

By Simon Jessop and Saikat ChatterjeeLONDON (Reuters) - A record slide in the Chinese currency in June has paid rich dividends for some of the world's top macro hedge funds, though they say those trades do not reflect growing bets on an economic crash.The world's second biggest economy certainly has its problems. It is exposed in any escalation of its trade conflict with Washington and its massive debt pile has raised concerns about the health of its banks and state-owned companies.And betting against its yuan, either through the offshore markets or currency derivatives, has been a hedge fund ...

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First Published: Thu, July 12 2018. 17:07 IST