Chinese Checkers: Rumors, Yuan Intervention Help Shanghai Stocks Close The Week With Furious Rally

Chinese Checkers: Rumors, Yuan Intervention Help Shanghai Stocks Close The Week With Furious Rally

On Friday, just hours after clips from Donald Trump's interview with CNBC's Joe Kernen betrayed the extent to which the President is "not happy" with the fact that the policy divergence between the Fed and the PBoC is causing the Chinese currency to "drop like a rock", China weakened the yuan fixing by the most in two years. That clearly indicated the PBoC is more than willing to let the market push the currency lower in the near-term as a weaker currency helps cushion China's economy from the
Subscribe or log in to read the rest of this content.

One thought on “Chinese Checkers: Rumors, Yuan Intervention Help Shanghai Stocks Close The Week With Furious Rally

  1. China: the greatest show on Earth…it could work as a spin-off mini-series sequel to Earth: The greatest show in the Universe from South Park episode ‘the Biggest Douche in the Universe’. Wheres Matt and Trey??

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints