currently 6.77 on my screen. Chart says it is breaking up (well dollar up, yuan down)
Be very careful on the long side gents, very careful..
Posted 21 October 2016 - 01:58 PM
currently 6.77 on my screen. Chart says it is breaking up (well dollar up, yuan down)
Be very careful on the long side gents, very careful..
Posted 21 October 2016 - 07:49 PM
I think there is extreme credit growth/money printing happening now in China. Most of that yuan printing seems to be going into the property sector, but some is going into their stock market and emerging markets. I would think a lot of that printed yuan has been converted to dollars which is evident in the slide of the yuan against the dollar. I'm still waiting for the EEM to crack because it seems like that will happen sooner rather than later especially with a rate hike coming soon.
Posted 22 October 2016 - 06:42 AM
Posted 23 October 2016 - 04:30 PM
wasnt it 3.41 a while ago?
Posted 23 October 2016 - 09:04 PM
Hourly Offshort RMB... Moving like a tech stock.... WTF ?