Chinese FX Outflows Soar, Priming The Next Bitcoin Surge
Chinese FX Outflows Soar, Priming The Next Bitcoin Surge Last October, when we pointed out that China’s FX outflows had just hit a whopping $75BN – the single biggest monthly outflow since the 2015 currency devaluation – we concluded that the “unfavorable interest rate spread between China and the US will “likely imply persistent depreciation […]
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