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As Yuan Turns More Volatile Than Euro, Turnover Soars
Guess what? Folks are trading the yuan.
Over the least three months, markets have been at pains to discern what the controlling factor is for the Chinese currency's rapid depreciation.
To be sure, everyone can make a list of the contributing factors, it's just a matter of deciding which one takes precedence.
The narrative here is simple. Some combination of trade war jitters, decelerating Chinese economic activity and monetary policy divergence between the Fed and the PBoC pushed the yuan to
