This resolves to YES if the USD/CNY exchange rate breaks 7.2000 before the beginning of April 2023 (GMT+8).
China is a currency manipulator in fact but on a “monitoring list” for currency practices along with nine other countries, including Germany, Italy and Japan.
I'll go by whatever is the latest quoted price shown on Investing.com.
1,000🏅 Top traders
| # | Name | Total profit |
|---|---|---|
| 1 | Ṁ425 | |
| 2 | Ṁ120 | |
| 3 | Ṁ24 |
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Bloomberg: China Is Taking More Visible Measures to Slow Currency’s Descent
Sept.7: The People's Bank of China yuan sets USD/ CNY referencee rate at 6.9160 (vs. estimate at 6.9686). The 500+ point gap between the estimate and the actual is the largest ever recorded. The PBOC has been setting the CNY stronger (i.e. lower USD/CNY) than the estimate for 11 days in succession. This is a 'signal' from the PBOC that they'd like to slow the rate of decline of the yuan. And, maybe they have, we'll never know for sure what the counter-factual might have been. Still, the yuan is weak, the USD is rampantly strong. Offshore yuan has slipped again today (ie higher USD/CNH). It can't be too long before there is a "7" in front of this:
