China's yuan is hanging by a thread, the closest it has ever been to going over the government limit. Finally, even the mainstream media has caught on this has nothing to do with Jay Powell and the Fed. The bazooka has been utterly exposed.
Eurodollar University's Money & Macro Analysis
Bloomberg PBOC Halts Bond Buying to Defend Yuan as Economic Gloom Worsens
https://www.bloomberg.com/news/articles/2025-01-10/pboc-says-it-will-temporarily-halt-buying-of-government-bonds
Bloomberg China’s Market Support Falls Short as Economic Gloom Deepens
https://www.bloomberg.com/news/articles/2025-01-10/china-s-market-support-falls-short-as-economic-gloom-deepens
Bloomberg China Ramps Up Yuan Support With Record Hong Kong Bill Issuance
https://www.bloomberg.com/news/articles/2025-01-09/pboc-taps-record-bill-issuance-in-hong-kong-to-support-yuan
Bloomberg Yuan Short Sellers Squeezed by Soaring Hong Kong Funding Costs
https://www.bloomberg.com/news/articles/2025-01-07/offshore-yuan-borrowing-costs-surge-as-currency-support-in-focus
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