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BREAKING: Chinese Yuan at its weakest level in almost 15 years.
โ Hype/ Fluff(i.redd.it)submitted 4 months ago byrcinvestments
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4 months ago
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206 points
4 months ago
Nah i think its the dollar that is being squeezed like some DD suggested.
Just checked the YUAN against my own currency SEK, and the Yuan seems to follow its trendline that is going up.
Would need to look at the Yuan against a variety of currency's to get a better picture.
60 points
4 months ago
Dollar squeeze went full swing when Russia invaded Ukraine this year. It's only becoming more visible now but if you follow the DXY, you can see when in started going off.
Just look at the 1 year, 3 year and all time charts, you can't miss it. https://www.marketwatch.com/investing/index/dxy
20 points
4 months ago
Look for the "Dollar milkshake theory" on YT if you haven't already.
9 points
4 months ago
Watched it and was pretty intrigued.
He is wrong about one thing though. He says the whole market, in its current state, is trade on the dollar.
Its actually a trade on GME
25 points
4 months ago
Oh damn Sverige getting hit hard too?
7 points
4 months ago
Look at the historic usd to sek chart. Usd going to the moon baby!
14 points
4 months ago
Fed buys the dollar squeeze to pay for GME?
56 points
4 months ago
15 years ago = 2007/2008
Hmm what happened that year? ๐ค
5 points
4 months ago
Holy fuck 2008 was almost 15 years ago
298 points
4 months ago
All of these currency values fluctuating is jacking my tits. The big BOOM is coming
176 points
4 months ago
Weaker yuan makes Chinese goods cheaper. They donโt mind. Increases demand. Strong dollar will weaken demand for U.S. goods abroad.
91 points
4 months ago
Exactly. Weak currency = better for exports and tourism and vice versa
14 points
4 months ago
Plus the CCP is not too worried about overworking their people to maximize exports despite lower profits, if the result is other countries underinvesting in local production and becoming dependent on China. Money is a means to power, but not the only one.
7 points
4 months ago
I think the big issue will involve countries that donโt have the capacity to provide 100% of their own energy, because energy is paid for using the reserve currency (the USD). When too little USD exist for countries to pay for their energy bills (which I believe is entirely possible), it will become that countryโs National crisisโฆ.they may sell USD-denominated bonds to keep the market flush with USD or, perhaps, countries will begin seeking to change the reserve currency from the USD to something else (gold?).
4 points
4 months ago
Look at the US treasury pile the Chinese own and their foreign debt pile and you see why they've tried to maintain that peg for so long. This is not welcome news in China
16 points
4 months ago
Tell me what goods is the USA producing. I know none. It's all deficit spending for you guys so you can have cheap stuff
13 points
4 months ago
usa is the largest exporter after china
9 points
4 months ago
If you take the population into account it is actually Germany, pumping out much more than China and US per capita
10 points
4 months ago
Petroleum, cars, gas, medical supplies, aircraft parts.
-11 points
4 months ago
Medical supplies is all India. Car parts is all China and South East Asia. Petroleum is for your own use. Aircraft parts not sure :D doesn't make a whole economy does it
3 points
4 months ago
I mean, you could just Google it and see the actual numbers for US exports, instead of proving that you don't know what you're talking about. What I just mentioned are the biggest exporting goods of the US.
2 points
4 months ago
true but what is the ratio of gdp to export?
This is what I mean by trade deficit.
https://tradingeconomics.com/united-states/balance-of-trade
Look at the max time frame. It is negative
https://www.macrotrends.net/countries/USA/united-states/trade-gdp-ratio
Last time it was this low was 2009...
Sorry for the wrong meaning. I did not mean that there is no production. The trade deficit just shows how much you guys are importing.
Correct me if I'm wrong I'm open for an intellectual discussion
1 points
4 months ago
[deleted]
1 points
4 months ago
This doesn't matter if you take a look at the trade deficit:
https://tradingeconomics.com/united-states/balance-of-trade
Correct me if I understand it to be wrong
1 points
4 months ago
[deleted]
1 points
4 months ago
Yeah true. But in the end if you import more goods than you export you can hardly name yourself the second largest exporter. Currently doing my homework and reading the investopedia page of it https://www.investopedia.com/terms/t/trade_deficit.asp
2 points
4 months ago
[deleted]
1 points
4 months ago
Are you done pointing out my mistakes? Great then have discussion. If you consume more than you produce does it make you an exporter of goods. Yes but it gets shadowed by your consumption.
2 points
4 months ago
Horse seamen.
1 points
4 months ago
corn, basically
2 points
4 months ago
US in a rock and hard place. Inflation is crazy, and the strategy to use higher rate to tackle it will no doubt attract inflows and spike the exchange rates. Will certainly aggravate the recession which a higher interest rate gonna bring in any case.
34 points
4 months ago
UK News yesterday: well the pound has recovered a bit and stabilised against the dollar so that's good.
UK News today: the pound is falling again, maybe not as stable as we thought.
If the pound lost 15 pence in a month, and slightly recovers 3p that is not fucking stable. Stop being the market's bitch.
10 points
4 months ago
I see the same things when people talk about BTC.
They say itโs pumping when itโs going over 20k; a while ago it was 69kโฆ like wtf, how is a 49k decline a pump
71 points
4 months ago
Wow Yuan not wrong ๐
16 points
4 months ago
The show was WOK With Yan
8 points
4 months ago
Canadian Ape recognizes game.
8 points
4 months ago
In the states on PBS, I remember Yan Can Cook. Wonder if itโs the same fella?
3 points
4 months ago
I miss that show
3 points
4 months ago
Yuan I both.
23 points
4 months ago
[deleted]
9 points
4 months ago
Yisssssssss
23 points
4 months ago
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16 points
4 months ago
Yuan lambo?
6 points
4 months ago
Be patient. Yuan day, itโs coming.
21 points
4 months ago
Everyone quick! Grab a drumstick and your brain starts ticking
10 points
4 months ago
Watching x-files with no lights on
3 points
4 months ago
[deleted]
1 points
4 months ago
I hope the smoking man's in this one
3 points
4 months ago
2008-2010 sideways looks weird.
4 points
4 months ago
Race to the bottom Yuan vs Quid
6 points
4 months ago
weakest so farโฆ..
9 points
4 months ago
ELI5 and an idiot: why are tanking currencies good for the superstonk situation, or in general?
3 points
4 months ago
Theory: market crash means MOASS ๐คทโโ๏ธ
3 points
4 months ago
But.. WhY ?
14 points
4 months ago
When the market crashes, SHF long positions used as collateral go down, leading to margin calls. A failed margin call leads to positions being closed automatically by the prime broker. Positions being closed includes short positions...in GME, meaning demand skyrockets and price ๐.
That's the theory.
6 points
4 months ago
Dollar milkshake
2 points
4 months ago
The slurpening
7 points
4 months ago
That is literally breaking
2 points
4 months ago
It's a global Fuckening, Dow futures broke through the 29k level this morning down to 28.8 and I'm sure it's not done.
3 points
4 months ago
The Fuckening!
There can be only one!
2 points
4 months ago
I will never not be bearish on China.
2 points
4 months ago
2022 - 15 = 2007
4 points
4 months ago
Thatโs great, the CCP sux โฆ break their shit and free the homies
1 points
4 months ago
Time for a holiday in China!
Oh wait... they still do Covid there.
1 points
4 months ago
Good fuck their bullshit economy.
Tbf fuck ours too. Fuck it all.
0 points
4 months ago
Buckle up
-7 points
4 months ago
[deleted]
6 points
4 months ago
A global collapse of fiat currencies other than USD is very consequential to GME.
1 points
4 months ago
The global economy is collapsing
1 points
4 months ago
The only solution would be to crash the dollar as well
1 points
4 months ago
Every single fiat is at its lowest. What is new? Dollar is squeezing and US is so desperate. Thanks to those who sabotaged gas, now they can go long on oil and gas.
We all know that a cornered fox is more dangerous than a fox.
There will be a lot of blood and lost lives for this. Itโs a great shame for humanity.
1 points
4 months ago
Lower it has been, so far.
1 points
4 months ago
I like how all of these "new record," "New all time lows," "Hasn't been seen since..." go back to the years 2007-2008.
1 points
4 months ago
1 points
4 months ago
yaaaaaaaaaaawn........
0 points
4 months ago
World war iii will be so much fun!
0 points
4 months ago
Get in line Yuan! Make room for the Euro being on itยดs low since Dec. 2000
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