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Tag Archives: usdcny
Brief Note: What’s in PBoC playbook?
The PBoC could’ve easily set their fixing above 6.7 last week on the back of a stronger dollar. This is the perfect excuse to go beyond the psychological barrier of 6.7 – to protect the credibility of the market-based fixing … Continue reading
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Tagged 6.70, cfets, chengdu, depreciation, fixing, g20, pboc, renminbi, rmb, turkey, usdcnh, usdcny, yuan
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Can China escape the Triffin Dilemma?
Being a reserve currency comes with a host of benefits and costs. Arguably, the most important reason for China is the associated prestige and symbolism the SDR brings. As China seeks to extend its international political capital, they will essentially be granting … Continue reading
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Tagged china, economics, finance, fx, macro, pboc, reserves, sdr, usdcnh, usdcny, xi jinping, zhou xiaochuan
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