CatalystChina/HK

AMAZING HOW PERCEPTIONS OF CHINA'S YUAN ARE SOMETIMES STUCK IN 2024. NOW THAT THE YUAN IS INCHING UP AGAINST THE DOLLAR, CHINA (VIA THE PBOC/ STATE BANKS) HAS BEEN BUYING FX TO LIMIT ITS APPRECIATIO

What changed

1/ HTTPS://T.CO/YI5KG2XQXF — VIA @BRAD_SETSER

Why it matters

1/ HTTPS://T.CO/YI5KG2XQXF — VIA @BRAD_SETSER — impact context not separately stored; see What changed.

Sources