Ride The Wild Renminbi! China’s Currency On Wild Ride Thanks To Emerging Market Softness and Trade Scuffles

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

Ride the Wild Renminbi! If you dare. Yes, the USDCNY cross looks like a massive wave at Waimea Bay on the North Shore of Oahu. Or Nazare in Portugal.

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China’s massive financial leverage, emerging market woes and trade concerns are leading to volatility in the China currency relative to the US Dollar.

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Talk about an ugly volatility surface for the Yuan (Renminbi)!

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China’s total debt to GDP has risen to 266% of GDP.

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Ride the Wild Renminbi, if you dare!

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Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I am a contractor for Money Map Press, publisher of Money Morning, Sure Money, and other information products. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. In some cases I receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

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