Reuters: Weaker Chinese yuan talk raises spectre of FX race to the bottom

[Dr Christopher Cheok C S]

Confidence is low with Eleven now. CCP Miltary might mount a coup soon.

 

[congo9]

Now the exchange rate for 1rmb : 5.37 Singkie dollar.

 

[k1976]

Weaker Chinese yuan talk raises spectre of FX race to the bottom​

https://www.msn.com/en-ca/money/top...-spectre-of-fx-race-to-the-bottom/ar-AA1vH9Xk

Reuters reported on Wednesday that China was considering letting the yuan fall to weather what is likely to be a sharp hike in tariffs, citing people familiar with the matter. The yuan immediately dipped against the dollar, along with currencies across Asia which are highly sensitive to Chinese demand.

While a weaker yuan had been widely expected, with pressure on the exchange rate since the election of Donald Trump as U.S. president, framing it as a policy shift may herald the start of a new round of global tariffs, trade tensions and currency intervention.

"Currency adjustments are on the table as a tool to be used to mitigate the effects of tariffs. I think that is clear," said Fred Neumann, chief Asia economist at HSBC in Hong Kong.

The real currency closing in …. Welcome to 2025 Great Reset

 

[k1976]

Now the exchange rate for 1rmb : 5.37 Singkie dollar.

Sinkie Dollar has Stable coin Plan mah

Singapore has announced its plan to issue a digital Singapore dollar for wholesale settlement. At what stage is the wholesale CBDC now?

We have ongoing discussions with key industry players on asset tokenisation initiatives and the need for safe settlement assets, such as tokenised bank liabilities, regulated stablecoins and potentially CBDCs.



https://www.businesstimes.com.sg/co...hia-der-jiun-crypto-ai-and-battling-inflation

 

[Dr Christopher Cheok C S]

 

[Dr Christopher Cheok C S]

 

[Dr Christopher Cheok C S]

 

[congo9]

Giving cash handout is as good.
It's start consumer spending and make the market more liquid.

 

[shock888]

MAS may loosen Singdollar policy on tougher 2025 growth outlook

https://www.straitstimes.com/busine...tm_medium=email&utm_campaign=ST_Newsletter_PM


Even PAP Govt oso letting SGD weaken.

 

[Dr Christopher Cheok C S]

 

[Dr Christopher Cheok C S]

China’s property market is in freefall, with losses now surpassing a staggering US$18 trillion. This catastrophic downturn has obliterated the previous record set by the 2008 U.S. financial crisis, which cost Americans about US$12.8 trillion.

 

[Dr Christopher Cheok C S]

More depreciation coming

 

[k1976]

Giving cash handout is as good.
It's start consumer spending and make the market more liquid.

Yeah , should learn from CDC Wow Cheers mah

 

[congo9]

Yeah , should learn from CDC Wow Cheers mah

Yeah the best is that government give out 300 every month to household.

 

[k1976]

Currency war reignited

 

[syed putra]

I remember when Japan was forced by the US to strengthen it's currency. Until today, that obliging policy caused a stagnation that lasted decades. At long last the yen has weaken and hopefully Japan can recover soon.