Markets Give Up On The China Reopening
Market Depth
00:00
The Uptick in the Yuan and Copper Markets
According to this article, citing anonymous sources, state banks had been selling USD to prop up the Yuan yesterday and today Thursday and Friday. And particularly as the offer dollar Yuan rate was approaching the 7.1 level this morning. So on the back of this, this is why we are currently at the time of this recording seeing this uptick in,. you know, reversal in Yuan and in copper and probably in all of those other sort of associated markets that are now gaining - but coincidentally moving in line with one another.
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