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USD/CNH Trend Reversal Signal

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Chong Zheng
153
Chong Zheng  

 

Due to geopolitical pressure and success in diminishing the housing bubbles, the central bank of China might not further push down RMB. Also, we can find USD/CNH is almost equal to USD/CNY. There is no room for arbitrage offshore RMB so the central bank has no reason to undermine RMB now. I hope RMB will go UP UP UP. I hope you will enjoy this ride with me. Thanks for reading.

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