(1) De-dollarization | Swiss Banking | Block (SQ) shorts
Why the sudden kerfuffle on the dollar’s demise?
Far more to Renminbi than USD/CNY cross
The prevailing market view, as depicted in a recent Reuters article, is seemingly that Chinese policy makers are happy to allow further Renminbi appreciation versus the Dollar driven by a rising domestic trade surplus and strong capital account inflows. The Renminbi has indeed a… Become a member to read the rest of this article […]
PBoC likely to keep Renminbi on tight leash
Only four currencies have appreciated by more than 4% versus US Dollar since end-July: the high-yielding South African Rand (4.6%) and Mexican Peso (5.8%), the Chinese Renminbi (4.4%) and Korean Won (5.2%). The Renminbi’s steady pace of appreciation will, all other things equal,… Become a member to read the rest of this article