China Boosts Yuan to Multi-Year High as De-Dollarisation Accelerates 🚨
China’s central bank just set the yuan’s strongest midpoint since mid-2023 (6.9438/USD), signaling confidence as investors rotate out of the US dollar. The offshore yuan is already trading near 6.91, extending months of gains.
💥 Why it matters:
Rising concerns over US debt, Fed independence, and policy uncertainty
Growing de-dollarisation trend globally
Ray Dalio warns the US may be nearing a monetary breakdown phase
📉 Dollar under pressure, 📈 yuan strength gaining momentum — a major macro shift traders are watching closely.
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