The Chinese have built their foreign reserves of $US from years of trade surpluses positions.
Now my guesstimate is this is how it will unfold:
1. The Chinese will flood their market with $US to build infrastructure.
2. The USD will begin to fall
3. The Chinese will unpeg the Yuan and purchase US assets.
PS: RIO down 12%
PPS: My prior role was Senior Commercial Credit Manager for one of the major Banks.
what happened?, page-31
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Last
$107.09 |
Change
1.410(1.33%) |
Mkt cap ! $39.75B | |||
| Open | High | Low | Value | Volume |
| $106.32 | $107.17 | $105.35 | $142.1M | 1.333M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10 | $106.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $107.10 | 108 | 1 |
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| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| RIO (ASX) Chart |