China Escalates Yuan Intervention
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- čas přidán 27. 08. 2024
- Chinese authorities told state-owned banks to escalate intervention on the currency market this week in a push to prevent a surge in yuan volatility, according to people familiar with the matter. The onshore yuan has been falling toward its lowest levels since 2007 amid weak sentiment. Stephen Engle reports on Bloomberg Television.
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You dont cut rate and boost fx rate concurrently
Hail Xi!
You don’t understand Xinomics. He will defy all laws of economics and gravity as well. He is a god!
@@HKim0072 Yes but usually, rate cuts have been seen to increase the supply of the domestic currency in forex markets and drive the price of the Yuan down further. If anything rate cuts would depress the exchange rate - the current intervention seems like an artificial measure induced by an uninformed decision.
They could always back their Yuan with their gold and really upset the global system.
They need that gold to get food when they country crumble and famine come😅
lets see what happens on the 22nd
Then they can’t print anymore at will
@@CheekyBird790gold always works, although nobody wants to value it as they would have to....
They need that gold for the same reason Russia hoarded it ;)
let’s see how anti -gravity works now…
It is a two prong strategy dump dollars to keep Yuan stable, and add more liquidity to the U.S market at the time when the U.S is raising rates to try to control liquidity. Timing is everything and the Chinese are playing it VERY smar as usual.
Lol, and people want a BRICS currency.
brics is just for show....
true
They are smart..
@@tonybokon8770 They clearly haven't looked at the history of the individual BRICS currencies. So, rather than smart, I'd argue they are incredibly ignorant of the facts of BRICS.
Doubt anything really works sustainably of any these “tool kit”
US Dow Jones stays 35,000 points for last few years
China inflation prices not go high for last 2 years
Big U.S. financial downturn coming in September or October this year
Not with all the money fleeing Russia and China into America and American assets
@@jasoncullen8430 idk the tide seems to be changing some.
Im not convinced there is one American economy anymore. It seems like several different sectors each distorted in their own unique way. Sure its a house of cards... But isnt it always?
@@TheCullousus I remember when the tide seemed to be changing with the Russia invasion and a recession was imminent. There is always some reason people think a downturn is around the corner.
@@dancahill9585 markets also seem ready to fall again not sure if you do stock.
they will succeed
中国 恒大集団 デフォルト値
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I’m man man my m my mom is i i lol I’m my
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Russian currency Rubles worth 1US cent after US sanctions
Not accurate! Actually Rusiian economy is doing much better after sanctions and the SMO in Ukraine!
Saudi and bunch of others are about to join BRICS next week. let's see what's next on de-dollar. hopefully we don't go to war on this.
We already plan on going to war. A multipolar war guarantees a war outside the western hemisphere
China has constantly been trying to keep their currency weak to keep up exports
LOL! Who cares? China's entire economy is collapsing. Nothing will save their currency. Everyone is selling that trash Yuan. Nobody wants it because it's worthless outside of China. China have been trying to get more people to use it for 20 years and got nowhere. The Canadian dollar is used more than the Yuan internationally😁 Even Xi's best buddy putin refuses to hold that worthless currency and dumped a bunch of it😂
@@jasoncullen8430 time will tell. How much longer can we keep printing? War is the best way to clear debt.
@@johnl.7754 weak RMB is mainly due to US fed rate raising. Dollar is a powerful weapon, but it’s double edged sword.
we need brics now!
Go to China, they must be shitting bricks gallore over there
I do heheheh I'm already all in on gold and silver @@jasoncullen8430
😂😂😂😂😂😂😂
HAHAHAHA. Someone asking for BRICS at the same time China's economy is taking a dump. You really can't make this up. No one wants BRICS currencies. Hell the Russians have said they don't want Rupees and they are both BRICS members.
China students need USD.. 🤣😂🤣😂
Whats wrong with this guy talking....
First