Yuan - the CNH overnight HIBOR fix for today: 2.1%

Its been a wild ride for the offshore yuan (CNH) HIBOR this week

• Monday kicked off with a record high of 13.4%
• Tuesday took the 'record high' thing to whole new level at 66.8%!
• Wednesday was then back to a still elevated but not nearly so extreme 8.31%
• Thursday 3.61% (and then the CNH dropped again!)

And to a low for the week today at 2.1% for overnight loans.

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Meanwhile, NZD is taking a beating, down nearly 50 points from earlier highs.