$CNH offshore yuan surging ~400pts. In the past month CNH had surged ~1,400pts — just when consensus was one-sided bearish.
Image
The US-China summit begins. Many of the details have indeed been discussed and likely agreed upon before the meeting. It important to maintain an open dialogue between G2. Chinese econ still weak, esp. given all the stimuli. Fiscal boost coming in 2024.
Click to learn more:
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments