News for hackers. Stuff that matters.

A comment on China lets yuan break 7-per-dollar level for first time in over a decade.

Re:China lets yuan break 7-per-dollar level for first time i... by HNisCurated on Monday August 05, 2019 @06:47AM (#20612953)
Bitcoin is up, gold at all time highs.

Who are the losers when a government prints money?

[ Parent | on HN ]
Re:China lets yuan break 7-per-dollar level for first time i... by sokoloff on Monday August 05, 2019 @07:12AM (#20613082)
Holders of currency (to include currency-denominated debt [as a lender] and those on fixed currency-denominated incomes)
[ Parent | on HN ]
Re:China lets yuan break 7-per-dollar level for first time i... by b_tterc_p on Monday August 05, 2019 @08:43AM (#20613669)
People with savings

Those with a lot of money invested in the domestic market can do ok if the rise in imports offsets it.

[ Parent | on HN ]
Re:China lets yuan break 7-per-dollar level for first time i... by imtringued on Monday August 05, 2019 @06:58AM (#20613020)
The government that doesn't.
[ Parent | on HN ]
Re:China lets yuan break 7-per-dollar level for first time i... by seanmcdirmid on Monday August 05, 2019 @09:02AM (#20613826)
That isn’t true. The Swiss are not hurting much atm, keeping ones currency strong means imports are cheaper even if exports are more dear, which is useful if you import a lot.
[ Parent | on HN ]
Re:China lets yuan break 7-per-dollar level for first time i... by AnimalMuppet on Monday August 05, 2019 @01:14PM (#20615941)
Gold's all time high was in the $1700s. It's at a recent high, but that's all.
[ Parent | on HN ]
Re:China lets yuan break 7-per-dollar level for first time i... by netsharc on Monday August 05, 2019 @09:03AM (#20613831)
It does seem like bitcoin now goes up when Trump spooks the market (the traditional financial markets). Is it pro-traders thinking at least they'll make that day's profits that way?
[ Parent | on HN ]