Chinese Yuan Surges To Strongest In Over 2 Years

    As financial conditions get easier and easier in the US (despite The Fed’s best efforts to tighten), and China continues its verbal ‘tightening’ on an over-leveraged financial system, China’s onshore yuan has topped September’s highs (when they last intervened), surging to its strongest since Nov 2015…

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    Offshore yuan is also under pressure with USDCNH selling (Yuan buying) reportedly led by banks and leverage accounts in Asia.

     

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    That won’t help exports…

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