I have a feeling most people dont know what the DXY is. But its a basket of currencies, mostly euros, so of course its not effected by this news?
Here is the breakdown
Euro (EUR), 57.6% weight Japanese yen (JPY), 13.6% weight Pound sterling (GBP), 11.9% weight Canadian dollar (CAD), 9.1% weight Swedish krona (SEK), 4.2% weight Swiss franc (CHF), 3.6% weight
DXY seems unaffected by the news. Time will tell I guess?
I guess little rooms for RMB to stretch, given their poor economy now.
I have a feeling most people dont know what the DXY is. But its a basket of currencies, mostly euros, so of course its not effected by this news?
Here is the breakdown
https://en.wikipedia.org/wiki/U.S._Dollar_Index
An archive of the article is here. An archive has no paywall, no subscription requirement, and can be easier to read.
in the meantime, "China forex regulator warns against illegal money outflows"
https://archive.ph/zbXq1
strangely, they didn't mention underground crypto exchanges. Maybe all cracked?