The offshore yuan market is heading lower once more. Keep an eye on the Asian Dollar Index. The yuan is by far the largest component. It isn't a volatile index, but it also isn't far from the major support level of the past 4 years or so. If ADXY breaks, the equilibrium will be broken. The US Dollar Index is very close to a post 2008 high as well and the euro down at 1.25 isn't in good shape either.
I'm not pressing the panic button, but a chill wind is blowing.
The Informational Power of the Offshore Yuan Exchange Rate
Form 8.3 - EQUALS GROUP PLC
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*Downing LLP*
*LEI: 213800G3X76VBG9SB504*
*26 April 2024*
*Form 8.3 re. Equals Group Plc*
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