USD/CNY
USD/CNY strong after Chinese tariff deal
Chart looks rather bullish long term (Chinese Yuan bearish). I would not be surprised we will reach 8 or 9 level the next years as Chinese Yuan weakens. This means more deflation from China and Trump imposing more tariffs as Yuan weakens.
Any long term implications for metals?
Good eye Alex
Hard to figure what it means but the Yuan and Gold have been strongly co related…so a breakout could be a headwind for Gold
OTOH a weaker Yuan means Gold in China goes UP…