USDCNH Surges Through Seven

How important is 7:1? We're about to find out...

46
Mon, Aug 5, 2019 - 11:18am

For the past several years, we've watched the dollar-yuan exchange rate with keen interest, often wondering if gold was directly correlated or simply moving with it in tandem. Often, though, the discussion turned to the potential significance and market impact of a move through seven yuan per dollar. This finally happened last night and the effect was immediate.

Here's a link to the news last evening, followed by a ZH link which include's Trump's comments today:

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