China FX yuan

China’s Black Swan Yuan Fixes Are The Market’s New Plunge Protection

That, the bank marveled, "is a 6 standard deviation move".

That, the bank marveled, "is a 6 standard deviation move".
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1 comment on “China’s Black Swan Yuan Fixes Are The Market’s New Plunge Protection

  1. As long as Chinese banks have significant debt denominated in dollars , pressure on the yuan will continue.
    The fact that they instituted new restrictions on capital outflows, just reinforces fears about retaining capital on China.

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