Yuan Tumbles As FX Markets Adjust To Trump Trade Threats

Fight Censorship, Share This Post!

Early indications across the (admittedly thin) FX markets is that ‘pain’ is on its way for risk assets after Trump’s China Trade deal threats.

Yuan has plunged over 500 pips to 3-month lows…

For context…this is the biggest yuan crash since August…

And USDJPY is down notably (typically signaling derisking of carry-trade funded risk assets)…

We’ll see if the algos buy the dip when US futures market open. Also note that China is still on holiday today.

This post has been republished with implied permission from a publicly-available RSS feed found on Zero Hedge. The views expressed by the original author(s) do not necessarily reflect the opinions or views of The Libertarian Hub, its owners or administrators. Any images included in the original article belong to and are the sole responsibility of the original author/website. The Libertarian Hub makes no claims of ownership of any imported photos/images and shall not be held liable for any unintended copyright infringement. Submit a DCMA takedown request.

Fight Censorship, Share This Post!

Read the original article.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.