RE: LeoThread 2023-05-18 19:58

[taskmaster4450le]

The #yuan is now over 7 against the #usd.

Why is the Yuan crashing when people are claiming the USD is being dumped and countries are de-dollarizing? Perhaps people are spreading miskeading rhetoric.

Comments

[alexvan]

1. ruSSian - chinese propaganda
2. They want to have it weak, as they are dependent on the export. For exports, a weak internal currency is the key to profit,

[taskmaster4450le]

CNY is the offshore Yuan, not the CNH.

And the FOREX market would be reacting like that even if they tried to manipulate it does if everyone was truly de-dollarizing.

[l337m45732]

USD losing value like crazy lately

[taskmaster4450le]

Yeah. Yuan now at 7...some believe heading to 10. That goes counter to the USD going to crash narrative we are all told.

[l337m45732]

i'm here for it