More trouble for China's yuan ahead. Already high drama w/onshore rate (CNY) right at the 2% daily limit day after day. Offshore continues to be substantially weaker. Given what the Chinese reported from their economic situation, can't blame CNY or CNH. Economy is not responding. pic.twitter.com/nTzeSxVe9r
— Jeffrey P. Snider (@JeffSnider_EDU) April 17, 2024