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.
China’s massive financial leverage, emerging market woes and trade concerns are leading to volatility in the China currency relative to the US Dollar.
Talk about an ugly volatility surface for the Yuan (Renminbi)!
China’s total debt to GDP has risen to 266% of GDP.
Ride the Wild Renminbi, if you dare!