If current (and expected) yield differentials are anything to go by, the yuan looks quite overvalued. Especially in the context of ongoing growth concerns and geopolitical risks. The Chinese yuan hit its lowest point in 3-month yesterday and volatility has been on the rise, which is noteworthy given it is a tightly controlled currency. And […]
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Key Highlights Gold started a fresh decline from $5,240 and traded below $5,120. A major bearish trend line is forming with resistance at $5,075 on the 4-hour chart. WTI Crude Oil surged toward $102 before Read more…