Thoughts on USD/CNY

[AKUMATOTENSHI]

Went long on CNY. Odds are the Chinese will be the only ones to make it out of this Global Dystopian future.

 

[SunTrader]

If you like watching paint dry.

 

[engineering]

My thoughts:
Why bet on the action of something controlled by a central committee?
Why not just slam your hand in a door?

The Chinese government may or may not do ok, but I suspect they have bigger concerns than their exchange rate for usd. Especially if they can get Russian oil in their own currency.

For example, they could de-value their currency in usd terms to pump exports while buying Russian oil. Or not.

 

[maxinger]

If you enjoy watching the paint dry, then go trade it.

Professional writers like to talk about USDCNY things.
There are other better things to trade.

Anyway, you were late to long it.
where were you 6 weeks ago?