China’s yuan strengthens to 7-month high as yen gains, carry trade unwinds
www.scmp.com
The sudden strength in funding currencies, particularly yen and yuan, dented carry trades, after weak US labour data last week stoked recession fears and fuelled bets on deeper rate cuts by the Federal Reserve.
  • MarcoPOLO@sh.itjust.worksOP
    51·
    4 months ago

    Not going to lie I was skeptical of Chinese fiscal policy recently… But turns out there’s a reason that I’m not a Chinese economicist.