In the face of the US Dollar’s rise in 2021, the Chinese Yuan was a notable standout. The DXY Dollar Currency Index appreciated almost 7 percent in 2021. Meanwhile, the offshore Renminbi (CNH) gained just under 1% against the USD. However, the Yuan’s strength will likely be increasingly tested in the first quarter of 2022 and throughout the year. There have been a plethora of woes taking their toll on China’s economy. These include the Evergrande crisis, strict Covid-induced lockdowns and Beijing’s crackdown on the technology and education sectors. All of these have resulted in the People’s Bank of China taking ... (full story)