USDCNY over 7.31
This is not good for the yuan. The gov't has tried to prop the currency up. They are approaching 2008 levels.
USDCNY over 7.31
This is not good for the yuan. The gov't has tried to prop the currency up. They are approaching 2008 levels.
Feels like there are a lot of currencies that are in trouble, Ruble , Yuan, the swedish krona and Rand, and that's probably why dollar is still strong.
Feels like initative like BRIC is a desperation move rather than power move.
and the government is not doing anything about it