so usd will be stronger against all as a consequence
DislikedThis 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!!!Ignored
DislikedThose 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.Ignored
DislikedUS doesn't raise rates so China drops theirs - Brilliant!
This global economy thing is working out so well for the human race that I just can't find words to express how truly wonderful it is. (puke)Ignored