/biz/ - Business & Finance

Anonymous Wed May 27 00:07:11 2020 No.19360782 [View]
File: 103 KB, 487x886, 2020-05-26_21-05-12.jpg [View same] [iqdb] [saucenao] [google]

>>19360737
>>19360744
Chinese Yuan collapsing against the dollar. Offshore, not pegged, Chinese have no control over this market. Good for China in a way (exports), bad for USA (imports) because our trade deficit with them is gigantic, we're the #1 debtor nation in the world and most of the debt is owned by China. China is letting the pegged market slip as well which is one reason why the offshore is rocketing up.

These are all-time highs now.

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