The RMB is not pegged to the USD: Too crowded bets on “7” could be dangerous
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There's a prevalent false narrative that China's yuan is “pegged” to the U.S. dollar. No, it's not! Here are two charts that show the difference between a pegged versus a non-pegged currency.
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S.L. Kanthan on X: "One dumb narrative is that China's yuan is “pegged” to the U.S. dollar. No, it's not! Here are two charts that show the difference between a pegged versus
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