More and more economic data is showing that Chinese nationals are sending money abroad. Currency reserves are getting depleted and the Bank of China is allowing the CNY mid-point band to move lower. I see a long term move up significantly higher in USD versus CNH. But, Chinese interest rates are high making a carry differential that favors CNH. Probably will day trade this's over the course of many months versus one long position.
https://seekingalpha.com/article/4065919-chinas-economic-woes-become-worldwide-tsunami
https://seekingalpha.com/article/4065919-chinas-economic-woes-become-worldwide-tsunami
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.