What you see in that chart folks, is the yuan falling the most against the dollar since January…
Category: yuan
The Market Has A New Safe Haven Asset – But You Missed The Rally
How much longer can this run?
Blood On The Streets
Remember, you can always burn your stock certificates to keep warm in a nuclear winter.
Ashes To Ashes: Surveying The Fallout 24 Hours Later
Ok, so “what hath Trump and Kim wrought” for markets 24 hours on?
Yuan Surges To Strongest Level Since October – Here’s Why
Ok, so you should note that the onshore yuan strengthened past 6.70 for first time since October on Tuesday.Â
Presenting: A Crazy Week In Charts
Ok, well this was an interesting week…
As Currency War Beckons, Here Is One Trader’s Dollar Mea Culpa
“It’s certainly a tempting idea given the price-action but, in the wake of my incorrect dollar call from Wednesday, I refrained from joining the debate with conviction.”
PBoC Sets Yuan Fix At Strongest Since October After Fed
The dovish bias apparent in the July Fed statement has the offshore yuan closing in on its strongest level of the year.
Look! More FX Shenanigans In China
If you’ve been following along over the past two months, you know China is engaged
Meanwhile, In China: “Relentless, All-Round” FX Shenanigans
Epic tug-of-war emerges as PBoC battles traders…
Beware Another “Epic” Yuan Squeeze
“After engineering (another) epic squeeze in late May/early June, overnight points have dipped into negative territory, 1m points are near five-year lows, the 430pm CNY closing price is back to a discount to the fix.”
“This Seems Like Intervention”: Sudden Yuan Surge, Afternoon Stock Rally Show China Hard At Work
“They may be eager to keep the onshore yuan quarter-close to near 6.8 per dollar. The quarter-end rate may be an important indicator for foreign central bank reserve managers to consider adding the yuan as assets.”
A Royal Shakeup, China’s Big Day Falls Flat, Crude Reality Bites
Ok, well for obvious reasons, the headlines overnight pretty much all revolved around: Saudi Arabia
MSCI China Inclusion: The Road To $430 Billion In Inflows
“The end game (full inclusion) could see inflows reach nearly a half trillion”…
Dollar Is Happy, Pound Is Sad, And There’s Some Yuan Shenanigans Afoot
It’s about Dudley for the dollar which rose to a three-week high versus the yen
China Didn’t Pull The Trigger: Here’s Why
Yesterday, we suggested that the most important question wasn’t whether the Fed would put a
Inside China’s FX Dice Roll
Admittedly, trying to decipher what the fuck is going on in China is a Herculean
China’s “No Bears Allowed” FX Policy Still In Spotlight Overnight
Ok, so the overnight fireworks were largely confined to early Asian trading. As noted last
Chart Check: A Disconnect Worth Watching
Something to ponder…
Trader: “We’re Struggling To Understand Why Things Are Even Happening”
“So we function in a world where risk assets keep going up while we couch everything in risk-off terms. It’s not enough that our central bankers think they can play with our heads under the fiction that they are masters of nuance, we do it to ourselves.”
China Just Murdered The Yuan Bears
The PBoC has spoken and markets, at least for the time being, have listened. Coming
Chart Of The Day: Don’t Fight The PBoC. K. Thx. Bye.
As you’re aware, some folks are talking about the yuan again. And that’s because last
“Between A Rock And A Hard Place” – China’s Latest Yuan Gambit
“Stuck between a rock and a hard place, China is likely to strengthen the yuan in order to lure foreign capital as the liquidity lifeline.”
Speculators Beware, China Just Made Things “Harder Still”
“At such times, FX intervention will become necessary to close the gap between the market price and the fixing.”
Your “Unreal, Irrational, Herd Actions” Were Pissing China Off – But They “Fixed” It
Well, this was pretty easy to see coming. When Moody’s downgraded China for the first time
“Unexplained, High-Volume Drops,” Yuan Shenanigans, And A Cartel Meeting
Well, things have been “choppy” overnight and especially around the flood of OPEC headlines that
Chinese Stocks Stage Hilarious Comeback After “Absolutely Groundless” Moody’s Downgrade
It’s all fun and games until someone gets downgraded. So last night, Moody’s handed China
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