Originally Published on InformedTrades
Below is a chart of the US dollar/Chinese yuan exchange rate. Basically, if the chart is going up, the US dollar is rising relative to the Chinese yuan. As we can see over the past few days, the yuan has made some strong moves down (meaning the chart is going up) -- the biggest move of this kind in 2 months.
Some are suggesting this is the result of intervention on the part of China's central bank, which may prove to be increasingly necessary to avoid experiencing its own debt crisis -- basically a situation similar to what is occurring in Japan, the EU, and the US.
For potential thoughts on how widespread global stimulus could impact financial markets, see our recent article, "Are We Back to Everything Rallying?"
Below is a chart of the US dollar/Chinese yuan exchange rate. Basically, if the chart is going up, the US dollar is rising relative to the Chinese yuan. As we can see over the past few days, the yuan has made some strong moves down (meaning the chart is going up) -- the biggest move of this kind in 2 months.
https://www.tradingview.com/x/bnjj7qsd/
Some are suggesting this is the result of intervention on the part of China's central bank, which may prove to be increasingly necessary to avoid experiencing its own debt crisis -- basically a situation similar to what is occurring in Japan, the EU, and the US.
For potential thoughts on how widespread global stimulus could impact financial markets, see our recent article, "Are We Back to Everything Rallying?"