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bullish

CNY

Consequential Currency

135 Views29 Sep 2022 08:19
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SUMMARY
  • I usually work with a base case view and not the most optimistic or pessimistic take, and this note is no different.
  • Its approach is forming an opinion on more probable in the next move and avoiding click baits 2-3 σ price targets.
  • I was expecting to do this note the following Monday as I thought with the NPC meeting and directive to state banks to act accordingly, any downward pressure on CNY would be avoided or measured.
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