Because the Chinese currency is pegged to a basket of currencies with a large $-component and the $ is falling -> yuan is simultaneously rising v. Dollar and falling v. rest.
Love the new cross referencing in @SoberLook !
thedailyshot.com/2020/08/05/wil… https://t.co/97f64JTUDC
Emerging equity and debt markets (including China!) have attracted $1.1bn a day in net new money this week! Fastest ever.
Emerging equity and debt markets (including China!) have attracted $1.1bn a day in net new money this week! Fastest ever. ft.com/content/461eb3… https://t.co/Ao9Zrqw3KG