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Showing posts with the label Yuan

Self explanatory chart: The Chinese Yuan (CNY) collapses to the lowest since 2007 against the U.S. Dollar, as Trump is threatening China with a additional 50% tariff on all its imports, taking total tariffs to 104%. Essentially ending all trade with China.

USD bid as the Chinese property sector readies for a total collapse. Yuan bonds are being dumped as millions of Chinese begin to save. Bonus chart: Argentina Peso crashes as a mini "Trump" and right wing extremist may become their next President.

Markets are now seeing signs of the "All Open" Chinese COVID policy, as their authorities have scrapped all government testing. Workers are starting to call in sick. China's covid surge could be devastating .