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> The dollar spiked past a key technical level today. I don't know much about "technical" forex trading, but I can say that USD/CNY didn't really change today,
by boplicity 5y ago
> The dollar spiked past a key technical level today.
I don't know much about "technical" forex trading, but I can say that USD/CNY didn't really change today, neither did USD/CAD, or USD/GBP. Everything is around where it's been over the past few weeks. Are you saying the real exchange rates will significantly change soon?
- baybal2 5y agoShort term USD/CNY is clamped by Chinese government currency purchases. People will only notice when China decides its FX is running low
- timomax2 5y agoHmmm. Chinese currency is fundementally undervalue though. I don't think this "running low" can happen. Chinese business and gov must have vast USD assets.
- deleted 5y ago[deleted]
- redisman 5y agoTA is tarot for finance bros.
- boplicity 5y agoTurns out that USD is getting stronger today, except, of course, against CNY. Interesting.