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> If the yuan is devalued, ceteris paribus, an investor holding yuan would prefer to hold anything else. AUDUSD dropped almost 40% since 2011 and it is keep do
by dis-sys 7y ago
> If the yuan is devalued, ceteris paribus, an investor holding yuan would prefer to hold anything else.
AUDUSD dropped almost 40% since 2011 and it is keep doing down, according to your theory, there should be any investor holding AUD.