China’s yuan leaps to 7-month high as yen gains, carry trade unwinds
www.scmp.com
The sudden uptick in funding currencies, particularly yen and yuan, dented carry trades, after weak US labour data late last week stoked recession worries and expectations of deeper rate cuts by the Federal Reserve.
  • @MarcoPOLO@sh.itjust.worksOP
    4•8 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.