{"id":37136,"date":"2018-08-30T05:30:32","date_gmt":"2018-08-30T10:30:32","guid":{"rendered":"http:\/\/olduvai.ca\/?p=37136"},"modified":"2018-08-30T05:30:32","modified_gmt":"2018-08-30T10:30:32","slug":"is-china-losing-control-yuan-more-volatile-than-euro-for-first-time-ever","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=37136","title":{"rendered":"Is China Losing Control? Yuan More Volatile Than Euro For First Time Ever"},"content":{"rendered":"<div id=\"block-zerohedge-page-title\" class=\"block block-core block-page-title-block\">\n<h3 class=\"page-title\"><a href=\"https:\/\/www.zerohedge.com\/news\/2018-08-29\/china-losing-control-yuan-more-volatile-euro-first-time-ever\"><span class=\"field field--name-title field--type-string field--label-hidden\">Is China Losing Control? Yuan More Volatile Than Euro For First Time Ever<\/span><\/a><\/h3>\n<\/div>\n<div id=\"block-zerohedge-content\" class=\"block block-system block-system-main-block\">\n<article class=\"node node--type-article node--view-mode-full\" role=\"article\" data-gtm-vis-recent-on-screen-2077925_22=\"1684\" data-gtm-vis-first-on-screen-2077925_22=\"1684\" data-gtm-vis-total-visible-time-2077925_22=\"100\" data-gtm-vis-has-fired-2077925_22=\"1\">\n<footer class=\"node__meta\">\n<div class=\"submission-wrapper\"><\/div>\n<div class=\"a2a_kit a2a_kit_size_32 a2a_default_style\" data-a2a-icon-color=\"#222\">\n<div>For the first time, FX traders are grappling with wilder swings from China than Europe.<\/div>\n<\/div>\n<\/footer>\n<div class=\"node__content\">\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p><a href=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-08-29_16-07-57.jpg?itok=cVDHThPM\" data-image-external-href=\"\" data-image-href=\"\/sites\/default\/files\/inline-images\/2018-08-29_16-07-57.jpg?itok=cVDHThPM\" data-link-option=\"0\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-08-29_16-07-57.jpg\" srcset=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/styles\/inline_image_desktop\/public\/inline-images\/2018-08-29_16-07-57.jpg?itok=cVDHThPM 1x\" alt=\"\" width=\"500\" height=\"319\" data-entity-type=\"file\" data-entity-uuid=\"f19d35b6-0a3f-444b-81b6-26b76fd51e04\" data-responsive-image-style=\"inline_images\" \/><\/a><\/p>\n<p>As Bloomberg notes, the offshore\u00a0yuan\u00a0has been more volatile than the\u00a0euro\u00a0all month after first overtaking the shared currency in July, according to 30-day realized data. And while euro uncertainty remains relatively bracketed between 6 and 8 for the last two years, yuan volatility has soared from 2 to almost 9 &#8211; the highest since 2015&#8217;s devaluation.<\/p>\n<p><strong>The narrow spread (lower pane) shows China is moving to a more \u201cflexible arrangement\u201d when it comes to managing its currency<\/strong>, Bank of America analysts wrote in a note, predicting the\u00a0yuan will weaken more this year.<\/p>\n<p>For now it appears the temporary respite from Yuan&#8217;s freefall, that &#8216;mysteriously&#8217; occurred right before the US-China trade talks, has begun to lose momentum.<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-08-29_16-13-07.jpg?itok=u4nT1hT-\" data-image-external-href=\"\" data-image-href=\"\/sites\/default\/files\/inline-images\/2018-08-29_16-13-07.jpg?itok=u4nT1hT-\" data-link-option=\"0\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-08-29_16-13-07.jpg\" srcset=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/styles\/inline_image_desktop\/public\/inline-images\/2018-08-29_16-13-07.jpg?itok=u4nT1hT- 1x\" alt=\"\" width=\"500\" height=\"265\" data-entity-type=\"file\" data-entity-uuid=\"2ea5c3a0-10fa-4b8f-9f3f-d3e63f9e8531\" data-responsive-image-style=\"inline_images\" \/><\/a><\/p>\n<p>But while Yuan has become increasingly volatile, <strong>the realized volatility of gold (when priced in yuan) has collapsed to record lows<\/strong>&#8230;<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-08-29_15-55-13.jpg?itok=_6H-NqKM\" data-image-external-href=\"\" data-image-href=\"\/sites\/default\/files\/inline-images\/2018-08-29_15-55-13.jpg?itok=_6H-NqKM\" data-link-option=\"0\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-08-29_15-55-13.jpg\" srcset=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/styles\/inline_image_desktop\/public\/inline-images\/2018-08-29_15-55-13.jpg?itok=_6H-NqKM 1x\" alt=\"\" width=\"500\" height=\"286\" data-entity-type=\"file\" data-entity-uuid=\"8bdaa11e-e8f4-4132-960d-adff871ce5d0\" data-responsive-image-style=\"inline_images\" \/><\/a><\/p>\n<p><strong>Perhaps supporting the idea that the Chinese care more about the &#8216;stability&#8217; of the yuan relative to gold then to the arbitrary US dollar fiat money.<\/strong><\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-08-29_16-00-47.jpg?itok=lcF8R7ZX\" data-image-external-href=\"\" data-image-href=\"\/sites\/default\/files\/inline-images\/2018-08-29_16-00-47.jpg?itok=lcF8R7ZX\" data-link-option=\"0\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-08-29_16-00-47.jpg\" srcset=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/styles\/inline_image_desktop\/public\/inline-images\/2018-08-29_16-00-47.jpg?itok=lcF8R7ZX 1x\" alt=\"\" width=\"500\" height=\"262\" data-entity-type=\"file\" data-entity-uuid=\"c449c14c-055b-462e-9669-6424a5fde075\" data-responsive-image-style=\"inline_images\" \/><\/a><\/p>\n<p>So is China losing control? Or is this just as they planned?<\/p>\n<\/div>\n<div class=\"extras-section\"><\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Is China Losing Control? Yuan More Volatile Than Euro For First Time Ever For the first time, FX traders are grappling with wilder swings from China than Europe. As Bloomberg notes, the offshore\u00a0yuan\u00a0has been more volatile than the\u00a0euro\u00a0all month after first overtaking the shared currency in July, according to 30-day realized data. And while euro [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[3038,83,130,2160,951,839,1031,4318],"class_list":["post-37136","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bank-of-america","tag-bloomberg","tag-china","tag-chinese-yuan","tag-currency","tag-us-dollar","tag-yuan","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/37136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37136"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/37136\/revisions"}],"predecessor-version":[{"id":37137,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/37136\/revisions\/37137"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}