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Chinese Yuan Plummets, What Next?
Market Depth
The Decline of the Chinese Dollar in 2022
In 2022, US equities and treasuries had just kind of temporarily just decoupled from one another. So why? What happened was China happened. The Chinese yuan massively devalued against the dollar in a very material matter. And it took SPX down with it, but it did so head on in the middle of an SPX upside rally.
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