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China Pushes Yuan Aggressively Higher As Corporate Bonds Implode
Market Depth
The C FETs RMB Index Continues to Go Down
The C FETs RMB basket is heavily weighted towards the USD./nThe C FETs RMB index has been going down due to the July dollar sell-off./nThe Chinese yuan has hit new lows against the basket of diverse currencies./nUSD waiting in the basket was increased going into 2022, which had negative consequences./nIn 2023, the waiting of the dollar and euro was reduced in the basket./nThe C FETs RMB basket is monitored for relative yuan currency prices.
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