The RMB has cycles, and the USD also has cycles.
If you urgently need RMB, exchange in batches. If you don’t need it urgently, any missing balance shouldn’t be loss-making to exchange at this stage.
To see 7.2 again, I think at least one or two obvious variables must appear:
For example, US inflation gets out of control again, and the Fed turns clearly more hawkish again; China’s economy weakens noticeably and moves toward further easing; US-China trade relations deteriorate; or global risk-off conditions cause funds to embrace the US dollar again.
And these variables are all on the way!
If you urgently need RMB, exchange in batches. If you don’t need it urgently, any missing balance shouldn’t be loss-making to exchange at this stage.
To see 7.2 again, I think at least one or two obvious variables must appear:
For example, US inflation gets out of control again, and the Fed turns clearly more hawkish again; China’s economy weakens noticeably and moves toward further easing; US-China trade relations deteriorate; or global risk-off conditions cause funds to embrace the US dollar again.
And these variables are all on the way!
