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QuantumLogicTrading QuantumLogicTrading USDCNH, D, Short , 4 months ago
USDCNH: BREXIT YUAN DEVALU: USDCNH - SNEAKY FX FIXING? SELL SPX & FTSE
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USDCNH, D Short
BREXIT YUAN DEVALU: USDCNH - SNEAKY FX FIXING? SELL SPX & FTSE
At the start of 2016 the PBOC began aggressively devaluing the off-shore Yuan against the USD, imo in an attempt to start the year with a competitive export:import advantage - with the aim of making 2016 a headline "come back" year for China amid the growing GDP growth and Credit bubble worries. As a result ...
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