tradeweighted

Watch Out, This Key Dynamic Is In Jeopardy…

in FX by

cfets

See that?

That’s the trade-weighted RMB index. And it’s key to FX markets in 2016 and beyond (read up).

That decline is absolutely critical to the post Shanghai Accord stability.

A Fed hike will turn it on its head (why do you think – besides oil prices – the Fed didn’t hike in March?) – and that’s already starting to happen. Incidentally, it’s also the biggest story of the day.

See here for the full scoop.

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