What if China devalued the #Renminbi like Aug 2015?
- Maximum pain to Biden administration who would lack a clear response
- Diminish export pain of Delta lockdowns at the expense of the world
- Create confusion around Evergrande default terms
$CNH is too quiet vs greater FX
- Maximum pain to Biden administration who would lack a clear response
- Diminish export pain of Delta lockdowns at the expense of the world
- Create confusion around Evergrande default terms
$CNH is too quiet vs greater FX
This move in $CNH.... 
Created this move in $EEM....
Find me a more coherent thesis on why #Bitcoin is suddenly negatively correlated to lots of risk assets
I think Chinese in the know could be the marginal buyers
I think Chinese in the know could be the marginal buyers
As an aside, despite the notable lack of volatility in $CNH today vs crazy moves in $CAD, $AUD, etc, it just poked the 200d
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