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USDCNH starts to move — initial reactions

USDCNH starts to move — initial reactions

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PauloMacro
Mar 22, 2024
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PauloMacro’s Substack
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USDCNH starts to move — initial reactions
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I am thinking this morning on the USDCNH and going back and forth quite a bit… Why let it go now? What kind of move is this going to be? How nasty could it get for commodities and risk? Does this necessarily mean Risk Off? Does that necessarily support the Treasury market with a bid?

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