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China USDCNY yuan

Chart Check: A Disconnect Worth Watching

Something to ponder...

Something to ponder as you try and make sense of the interplay between China’s deleveraging efforts, the Moody’s downgrade, and the addition of an opaque “counter-cyclical adjustment factor” to the yuan fix…

USDCNYVSYieldDiff

(BBG)

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1 comment on “Chart Check: A Disconnect Worth Watching

  1. Does that mean, the yuan could or should strengthen even furhter? Like higher rate spread –> stronger yuan?

    Thanks for reply!

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