Short the Yuan - Suffer heavy losses

Discussion in 'Economics' started by LacesOut, May 25, 2019.

  1. LacesOut

    LacesOut

    Says Xiao Yuanqi, the spokesman for the China Banking and Insurance Regulatory Commission (CBIRC).

    Mmmmmm hmmmmmm....

    If it breaks the lucky 7 number and trades there.....kiss it goodbye. Let’s see how aggressively they defend it.

    Reminds me of a story in Market Wizards about a currency level being breached when a CB figure said it wouldn’t. And then whoooooomp.
     
  2. China wants the Yuan to be low to increase export but not too low to trigger a hyperinflation. That said, China still hold a bit more than a trillion dollar in US debt. As long as China is politically and economically stable, they should be able to use the US debt to defend the Yuan.
     
    frogger likes this.