Ride The Wild Renminbi! China’s Currency On Wild Ride Thanks To Emerging Market Softness and Trade Scuffles

Ride the Wild Renminbi! If you dare. Yes, the USDCNY cross looks like a massive wave at Waimea Bay on the North Shore of Oahu. Or Nazare in Portugal.

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China’s massive financial leverage, emerging market woes and trade concerns are leading to volatility in the China currency relative to the US Dollar.

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Talk about an ugly volatility surface for the Yuan (Renminbi)!

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China’s total debt to GDP has risen to 266% of GDP.

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Ride the Wild Renminbi, if you dare!

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