via @TaviCosta:
You think the Fed is turning dovish?
The PBOC has taken it to a whole new level.
At the current policy rate differential, USDCNY should be well above 7 already.
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via @TaviCosta:
You think the Fed is turning dovish?
The PBOC has taken it to a whole new level.
At the current policy rate differential, USDCNY should be well above 7 already.