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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (18222)5/20/2016 10:17:30 AM
From: The Ox  Read Replies (1) of 33421
 
We all know that the FED is looking to raise rates. For them, the sooner the better but they will wait until we see more strength in the US data, IMO. With this on the horizon at some point down the road, the move in the yuan doesn't seem that startling to this observer....

So the yuan hit a relative high against the dollar in March at 6.45, the S&P 500 made it to green for the year, but it seems this was as good as it gets.

For no apparent reason, the yuan then started to decline and is approaching the January lows of 6.60 per dollar.
EDIT- the change in the offshore/onshore yuan is more intriguing and was something I wasn't aware of. Thanks for posting that!!
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