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by rdlecler1
2553 days ago
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China has to put that money somewhere. Repatriate it and the yuan inflates destroying it’s pricing advantage. But buy USD and the greenback inflates in value and simultaneously drives monetary expansion with low interest rates. It’s in China’s commercial interest to buy treasuries. For the same reason, dumping the greenback would inflate the yuan-USD pair which would effectively tariff themselves. |
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