Thursday, July 19, 2018

More like capitulating

China "Weaponizes Yuan" - Weakens Fix By Most Since 2016


The PBOC has to deal with EM deflation, the sudden need for dollars against a Congress ready to pay almost 3%. Then they are trilemonaders, trying to balance the dollar, the guv and rates at the same time.  And they are tired of Euro and Japanese QEing the hell all over.

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