Will USD/CNY breaks 7.2 before the end of Q1 2023?
Basic
9
Ṁ6225
resolved Sep 28
Resolved
YES

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.

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Ṁ1,000
and
S3.00
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predicted YES

7.16

China's yuan hits 27-month low as dollar buoyed by hawkish Fed

predicted YES

Breaks 7

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:

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