2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 366.09

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Nov 6 4:00 PM EST

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To: TobagoJack who wrote (192515)	10/7/2022 11:51:25 PM
From: marcher	Read Replies (1) of 217553

are they sweating bullets due to relative dollar strength per the following: sept 22, 2022 BEIJING — ...another currency is also weakening against the dollar: China’s renminbi. ...China’s central bank, the People’s Bank of China, fixed the initial value of the renminbi at more than 7 to the dollar for the first time in more than two years. It was the weakest fixing of the Chinese currency since July 2020, breaking through a mainly psychological barrier that the renminbi would continue to be worth between 6 and 7 to the dollar. At the same time, the central bank on Monday tightened a technical regulation to make it slightly more difficult for traders to place large bets on a further decline in the value of the renminbi. China’s decision to let a psychological barrier like 7-to-the-dollar be breached, while using the rule change to discourage trading against the currency, “basically meant the People’s Bank of China does not want to try to defend any particular foreign exchange level, but to slow the pace of depreciation,” said Peiqian Liu, a China economist at NatWest Markets..." nytimes.com

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