The poo problem is all about the stronger growth of USD in China's on/off shore Yuan USD fix. Chinese individuals ban the Yuan.
Is there a funny thing. China economy is living up with expectations where Mr Xi confirmed twice that the GDP is around 7% which is above market forecasted at 6.5% while US economy is facing negative growths in GDP, inflation and banks/non banks/corporates profit and a string of below forecasted economic data.
China regulators also warn people who rigged into Shibor and Hibor markets and the government is trying to defend its rooted Yuan.
The facts are both China and US economies are not in the good shapes at all so the currency war between Yuan/USD is not settling down amid the pair is pegged.
Oil is still in bear territory and CVN is a rare hedge in oil stocks until USD is given ground somewhere in January. IMO.
The poo problem is all about the stronger growth of USD in...
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Last
22.0¢ |
Change
-0.005(2.22%) |
Mkt cap ! $393.5M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 21.5¢ | $645.5K | 2.919M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 962240 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 22.0¢ | 739406 | 6 |
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| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
21.8¢ |
Change
-0.005 ( 3.59 %) |
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| Open | High | Low | Volume | ||
| 22.5¢ | 22.5¢ | 21.5¢ | 1773425 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
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