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…
(BBG)
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…
(BBG)
Does that mean, the yuan could or should strengthen even furhter? Like higher rate spread –> stronger yuan?
Thanks for reply!