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Major dollar crisis brewing in Asia threatening world's monetary system and economy.

Eurodollar University

00:00

Introduction

China was closed for its Dragon Boat Festival late last week. When it reopened Monday morning, early Monday morning, China's Yuan absolutely plummeted. Yesterday CNY got down to around 724, just short of 724 to the US dollar. That's something we haven't seen since last fall. And there were only 10 days in October and November with an exchange value that was as low or lower than 724 on a daily basis.

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