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There's a rumor that Chinese government is going to significantly devalue the yuan https://www.bloomberg.com/news/articles/2024-04-29/yuan-devaluation-debate-su
by questhimay 2y ago
There's a rumor that Chinese government is going to significantly devalue the yuan https://www.bloomberg.com/news/articles/2024-04-29/yuan-devaluation-debate-surfaces-as-traders-mull-next-fx-shock https://www.bloomberg.com/news/articles/2024-04-29/yuan-deva..., to try to boost export decline from March. https://apnews.com/article/china-trade-exports-imports-b25c21299101d2483f946a0ce264662f https://apnews.com/article/china-trade-exports-imports-b25c2....
When that happens, oh boy, that's going to be so much money flowing from China to US that it's going to make the dollar even stronger