Evidence is mounting of a Chinese devaluation - Here are two ways to play it
While there is mounting evidence pointing to an imminent devaluation of the Chinese CNY, it is surprisingly hard to get exposure to such an event after the ETF CYB was discontinued in 2023. Here are two ways to play it.
While we generally do not focus on macroeconomic bets, it's hard to ignore when special situations with clear triggers present themselves. One such trigger is the mounting evidence for a potential Chinese currency devaluation.
Most notably, there are reports that China is stockpiling raw materials like copper and oil, and there is a surge in Chinese activity in the gold market.
