China’s renminbi goes up against Wall Street bets

Trump’s re-election has significantly impacted China’s currency. Trump’s threat of tariffs and China’s weak economy has led Wall Street to increase its bets against the renminbi. However, this is to be supported by China’s largest sale of offshore bills. Today, the People’s Bank of China announced that it would sell Rmb60B($8.2B) of bills in Hong […] source: https://www.cryptopolitan.com/chinas-renminbi-up-against-wall-street-bets/