Is China Signaling Imminent Devaluation: PBOC Fixes Yuan Weaker Than Expected For Record 15th Consecutive Day
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
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Beijing Scrambles To Hammer Yuan, Sets Fixing At Weakest On Record Vs Estimates
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
Here Comes China's "National Team" To Bailout Markets
by Tyler Durden Tuesday, Jul 27, 2021 - 10:01 PM Earlier today we said that with Chinese stocks suffering historic losses, HK's tech sector imploding.. ... and liquidation fears spreading to other, more serious products such as bonds and FX, it was only a matter of time before China's "National Team", i.e., the local plunge protection team, came out in full force to preserve confidence in centrally planned markets. Well, just a few hours later, we learned that sure enough, the local Chinese bat signal summoning the plunge protectors has been activated with local press Securities Daily report...
Source: zerohedge.com
PBOC Holds Unexpected Meeting On FX, Says Yuan Surge Not Used To Offset Soaring Commodity Inflation
by Tyler Durden Thursday, May 27, 2021 - 08:28 AM With the Chinese yuan on a rampage in recent weeks, hitting the highest since March 2016 against a basket of trading partners’ currencies as the USDCNH rose above the critical resistance level of 6.40 on Wednesday... ... some were waiting for the PBOC to address this relentless ascent, especially after Chinese state-owned banks entered the market on Tuesday to buy dollars and push the yuan lower amid speculation that the currency had gotten so strong it was hitting Chinese exports or that, inversely, it was hoping for an even stronger yuan t...
Source: zerohedge.com
Evolution Wellness rolls out Virtual Studio in collaboration with Wexer
Share: Club Industry was not involved in the creation of this content. JANUARY 26, 2021 - Evolution Wellness has announced a major new partnership with digital fitness leader Wexer, whereby Wexer becomes the group’s exclusive platform and third-party content provider in the roll-out of Virtual Studio – Evolution Wellness’s online fitness space – across all Evolution Wellness brands. Evolution Wellness, which operates over 170 physical locations across six brands in south-east Asia, began offering online fitness classes in March last year following the lockdowns in its markets. Well...
Source: clubindustry.com