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Is China Panicking Over Weak Yuan?
The Chinese yuan -- you know, the managed currency that's going to supplant the currency to which it's soft-pegged, according to the de-dollarization crowd -- is struggling. Just like the Chinese economy.
Indeed, the yuan is struggling in part because of the Chinese economy, which continues to underperform, to the chagrin of a macro community which had "China rebound" on every square of their 2023 bingo cards.
Data released earlier this week showed retail sales floundered in June, when the you
I’m impressed that the GBP has managed to hang on to as much of a share as it has. I would not bet on that continuing over the long run.