Chart: $CNYUSD falling off a cliff
๐จ๐ณ must need ๐ฐ
10/10
Even with ๐ช $USD, #CPI +8.3% y/y and wages +5.5% in April = -2.8% real buying power. THIS will affect demand โ๏ธ but Powell reiterated Thursday, โget inflation back under controlโ is the #1 priority, and it "will also include some painโ
With FOMC ๐ฆ minutes ๐ (nothing ๐ that gave you a #BTFD moment) and $NVDA ๐ out of the way, the $VIX (along with metals and the $USD) is collapsing