Chinese National Currency

China is weakening the yuan because an export-oriented economy doesn’t need a strong national currency.

US Dollar / Offshore Chinese Yuan (1W). Source: TradingView

China suddenly began to take measures against strengthening their national currency, i.e., yuan, first by announcing an increase in the required foreign exchange reserve ratio for national banks and then setting the bar for a fixed exchange rate…

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👪 Family team 💰 #Stocks and #Crypto insights 📊 CryptoQuant verified author: bit.ly/3Ey6nSR ✍ Guest author at Bitcoin Magazine, The Daily Hodl

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👪 Family team 💰 #Stocks and #Crypto insights 📊 CryptoQuant verified author: bit.ly/3Ey6nSR ✍ Guest author at Bitcoin Magazine, The Daily Hodl

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