This was what he said two days ago.
"A yuan depreciation is not a policy option because of the government’s desire to make it an international reserve currency, Liu said." LMFAOL!!!
This was what he said two days ago.
"A yuan depreciation is not a policy option because of the government’s desire to make it an international reserve currency, Liu said." LMFAOL!!!
Those wanting to short Chinese Yuan but cannot do so easily, or cheaply, could look at shorting Singapore dollar (SGD). USD/SGD just popped 100pips after the China's news. Singapore's economy is super reliant on exports so what ails China, ails Singapore even more.
Those wanting to short Chinese Yuan but cannot do so easily, or cheaply, could look at shorting Singapore dollar (SGD). USD/SGD just popped 100pips after the China's news. Singapore's economy is super reliant on exports so what ails China, ails Singapore even more.
Hope this will delay Fed's rate hike decision. Seriously there is absolutely NO signs of inflation even deflation still in many of the sectors like housing. If people are not even buying houses how are the market overheated?
You only raise the interest rate when the market is just starting to get overheated but with the whole world in economic struggles, first Europe now even China, an overheated market is very unlikely. US's economy can only be said as on the road to recovery but it's far from being overheated. You don't dampen an economy that's JUST just been on the road to recovery for about what less than a year with a rate hike.