If the A-shares enter a downward channel, it may not necessarily be bad news for friends who are withdrawing funds.
From last year to now, USDT has kept falling from 7.13 to 6.7...
In the first half of last year, it was the dollar weakening; but from the second half of last year to now, after the US Dollar Index went through consolidation, it moved upward.
Since the second half of last year, the USD/CNY exchange rate has continued to fall, which means the RMB is appreciating—and A-shares have also been rising since the second half of last year.
If A-shares enter a downward channel now, and everything else stays the same, then capital may flow out of A-shares and this could be favorable to the USD/CNY exchange rate.
Of course, to boost the stock market, the RMB could see interest rate cuts or other forms of policy easing. But that still remains favorable for the USD/CNY exchange rate.
From last year to now, USDT has kept falling from 7.13 to 6.7...
In the first half of last year, it was the dollar weakening; but from the second half of last year to now, after the US Dollar Index went through consolidation, it moved upward.
Since the second half of last year, the USD/CNY exchange rate has continued to fall, which means the RMB is appreciating—and A-shares have also been rising since the second half of last year.
If A-shares enter a downward channel now, and everything else stays the same, then capital may flow out of A-shares and this could be favorable to the USD/CNY exchange rate.
Of course, to boost the stock market, the RMB could see interest rate cuts or other forms of policy easing. But that still remains favorable for the USD/CNY exchange rate.