Evergrande teeters on edge of default as $148M payment falls due

Re:Evergrande teeters on edge of default as $148M payment fa... by boplicity on Wednesday November 10, 2021 @03:12PM (#29180014)

> The dollar spiked past a key technical level today.

I don't know much about "technical" forex trading, but I can say that USD/CNY didn't really change today, neither did USD/CAD, or USD/GBP. Everything is around where it's been over the past few weeks. Are you saying the real exchange rates will significantly change soon?

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Re:Evergrande teeters on edge of default as $148M payment fa... by baybal2 on Wednesday November 10, 2021 @03:27PM (#29180236)

Short term USD/CNY is clamped by Chinese government currency purchases.

People will only notice when China decides its FX is running low

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Re:Evergrande teeters on edge of default as $148M payment fa... by timomax2 on Sunday November 21, 2021 @04:27PM (#29299910)

Hmmm. Chinese currency is fundementally undervalue though. I don't think this "running low" can happen. Chinese business and gov must have vast USD assets.

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Re:Evergrande teeters on edge of default as $148M payment fa... by redisman on Thursday November 11, 2021 @12:10AM (#29184638)

TA is tarot for finance bros.

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Re:Evergrande teeters on edge of default as $148M payment fa... by boplicity on Thursday November 11, 2021 @10:52AM (#29189266)

Turns out that USD is getting stronger today, except, of course, against CNY. Interesting.

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