Hi again everyone. I have been posting on this the past few weeks
Trying to correct a clear mistake I see spouted on the internet time and time again. So I better try again.
That the drop in the yuan is just a USD strength story.
This is incorrect.
Here is the yuan against its basket, CFETS index:
What you see here is a drop of a gain it took about 10 months to achieve in just a couple of weeks.
Just a USD story then? Nope, wrong
If you are trading, make sure to be following along on ForexLive for the facts.
