Volume V, Issue 157 - Looking for the Forest? Listen to the Trees!
Congrats, once again a very good picture of the market!
Hello André. This may be a silly question, but why is the USD/CNH chart that strange? Also I would like to thank you for your work with the Q😊🫡
Not a silly question, but the answer is awfully long-winded.
Check out this page for a more detailed explanation
https://en.wikipedia.org/wiki/Renminbi#:~:text=The%20renminbi%20was%20introduced%20by,areas%20controlled%20by%20the%20Communists.
but the short answer is that the currency went (in recent history) from being USD-pegged to being a managed currency.
Anyone with a better explanation and/or link, please chime in.
Congrats, once again a very good picture of the market!
Hello André. This may be a silly question, but why is the USD/CNH chart that strange? Also I would like to thank you for your work with the Q😊🫡
Not a silly question, but the answer is awfully long-winded.
Check out this page for a more detailed explanation
https://en.wikipedia.org/wiki/Renminbi#:~:text=The%20renminbi%20was%20introduced%20by,areas%20controlled%20by%20the%20Communists.
but the short answer is that the currency went (in recent history) from being USD-pegged to being a managed currency.
Anyone with a better explanation and/or link, please chime in.