On CNBC, Joshua Crabb of Robeco said China is seeing some slowdown amid COVID-19 restrictions in the country.
With the country seeing strong exports growth, the Chinese yuan continues to remain strong despite the strong U.S. dollar environment, he said.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
As long as exports remain strong in China, there is no reason the country’s currency can't stay strong, Crabb said. Whether the yuan continues to surge versus the U.S. dollar remains a more difficult question, he added.
Price Action: At the time of writing, the USD/CNY forex pair traded higher by 0.64% at 6.3616 on Thursday.