Dont think US wants to hammer chinese yuan. IMO US wants the exact opposite. They want China to stop artificially devaluing their currency and Chinese will continue to do it to ensure exports dont get impacted. The 500 billion that flows out of the US and into Chinese govt owned enterprises is then being invested all over the world espcially in countries that probably cannot service huge loans thus enabling China to eventually control those assets. These assets will probably bring the next cycle of growth in the Chinese economy which will probably become bigger than that of US.
Too many probablies. Just a theory and all IMO.
They may IMO want gold devalued since China and Russia have been buying gold for decades.
Dont think US wants to hammer chinese yuan. IMO US wants the...
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Last
$2.40 |
Change
0.050(2.13%) |
Mkt cap ! $3.297B | |||
| Open | High | Low | Value | Volume |
| $2.42 | $2.43 | $2.37 | $10.34M | 4.312M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14744 | $2.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.40 | 62898 | 5 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| PRU (ASX) Chart |