It will likely be a "rather bumpy and volatile path" upward for the onshore and offshore yuan against the greenback, he said, adding that the offshore yuan could have a greater degree of weakness and volatility.
A more "durable" tumble in the offshore yuan is a risk if "markets perceive that Beijing's action could create long-lasting impediments to the ability of Chinese firms to raise capital offshore," Varathan said. "But for now, the more imminent motivation for sell-off will be 'risk off' from adverse regulatory shocks that have been rippling through tech, property, spilling over to private education and with healthcare potentially in the cross-hairs," he concluded.
China's recent actions suggest that China is increasingly "turning inward," said Claudio Piron, co-head of Asia rates and FX strategy. "If it is more insular then that could be more to the detriment of the renminbi , particularly if it comes with weaker PMI numbers as well," he told CNBC, referring to data from the Purchasing Managers' Index which measures the performance of the manufacturing sector.
Locals of Myaing Tsp Basic Education General Strike Committee & the Northern Zone staged a Dawn Strike to overthrow the dictator! MYANMAR BEGS FOR OXYGEN July28Coup WhatsHappeningInMyanmar
Never trust Chinese government in neighter health nor finance and pretty much all in between
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Hong Kong court issues guilty verdict in first national security trialTong Ying-kit is found guilty of terrorism for driving a motorbike into three police officers and secession for flying a protest flag during a rally on July 1 last year.
Source: trtworld - 🏆 101. / 63 Read more »
Hong Kong Man Found Guilty in First Verdict Under National Security LawThe first person charged under a national-security law imposed by Beijing was found guilty of inciting secession and terrorism, a court ruled, in a verdict that reaffirms new limits on speech in the city and could set a precedent for future trials under the law. For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her Dorothy06056 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success 瞎说乱讲，我华尔街日报最行了 StandWithHongKong
Source: WSJ - 🏆 98. / 63 Read more »
Guilty verdict in first trial under Hong Kong security lawThe first person to be tried under Hong Kong’s sweeping national security law has been found guilty of secessionism and terrorism ABC and the rest of the liberal media taking notes. This is how they’d like it to be in America as well. This is where we’re heading, folks. $DRV attack the collateral Make a stand Raise cost of corruption above zero ForceTheReprice The national security law in HK is definitely worth a round of applause here.
Source: ABC - 🏆 471. / 51 Read more »
First person charged under Hong Kong national security law found guiltyTong Ying-kit, 24, was found guilty of terrorism and inciting secession on Tuesday, becoming the first person convicted under Hong Kong's sweeping national security law. China is a failed insecure nation nice job Taken away 🙄
Source: cnnbrk - 🏆 393. / 55 Read more »
Academics in Hong Kong suffer curbs on their freedomsA climate of fear has enveloped the city’s campuses | China No absolute freedom in any country. Just look at how US cracks down on protesters taking advantage of freedom to storm Capital Hill. Freedom does'nt mean people are free to break the law and commit treason and subversion. National interests are always above personal freedom.
Source: TheEconomist - 🏆 6. / 92 Read more »
Hang Seng down 5% in late trade as tech selloff intensifiesThe Hang Seng undefined dropped 5% in late trade on Tuesday, skidding on concerns over regulatory action. Of the major tech companies, Meituan undefined... $DRV attack kleptocrats collateral globally force a reprice $DRV force a reprice Raise cost of corruption above zero AMCSqueeze Will Didi reach $1?
Source: MarketWatch - 🏆 3. / 97 Read more »