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295 sats \ 2 replies \ @shyfire 30 Sep 2022 \ on: China tells state banks for a massive dollar dump and yuan buying spree bitcoin

DXY seems unaffected by the news. Time will tell I guess?

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100 sats \ 0 replies \ @satup OP 30 Sep 2022

I guess little rooms for RMB to stretch, given their poor economy now.

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9 sats \ 0 replies \ @faithandcredit 30 Sep 2022

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

https://en.wikipedia.org/wiki/U.S._Dollar_Index

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