Replies to post #1264 on Mining Sector Ideas

[gfp927z]

Bigworld, Looks like a devaluation of the Chinese yuan might be in the offing. Observers call this the 'nuclear option' for getting China's export oriented economy moving again, and could also explain their extremely aggressive purchases of gold and oil in recent months. In the past, Chinese devaluations of the yuan have caused turmoil in the US stock market (mid-late 2015) -


>>> Yuan Devaluation Debate Surfaces as Traders Weigh Next FX Shock

Bloomberg

4-28-24


https://www.bloomberg.com/news/articles/2024-04-29/yuan-devaluation-debate-surfaces-as-traders-mull-next-fx-shock


Supporters say sharp currency drop can help China’s economy

But such a move is controversial as it can trigger outflows..

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