2 ms·
Chinese Yuan is an extremely unpopular currency corridor because a) there is no market for it, it’s effectively a peg and b) it’s divorced from usage in the cou
by kasey_junk 5y ago
Chinese Yuan is an extremely unpopular currency corridor because a) there is no market for it, it’s effectively a peg and b) it’s divorced from usage in the country it’s supposedly from.
That is to say you’ll pay a gigantic premium on that trade.
- UnpossibleJim 5y agoOk, so you'd end up flat at best and the whole thing would be a wash dollar wise while still putting you on a bunch of watch lists. Is that what I'm getting out of this?
- kasey_junk 5y agoI don’t know enough about that particular corridor to know what the specific outcomes would be. That said, my impression is that flat would be tough and liquidity would be a real problem.