​Unwind Of China’s Great Carry Trade Could Unleash $20 Billion In Monthly FX Sales – Tyler Durden

Unwind Of China’s Great Carry Trade Could Unleash $20 Billion In Monthly FX Sales By Martin Lynge Rasmussen of Money: Inside and Out China’s trade balance reached $852bn in the year to July reflecting weak domestic demand and Chinese manufacturers growing global market share. What gets less attention is the activities of Chinese goods traders who have curbed FX sales from this surplus in recent months—something that could change quickly in coming quarters as the US policy cycle turns. Dollar weakness = exporter FX sales? The size of China’s goods balance is widely remarked, but how this foreign exchange surplus…  — Continue at ZeroHedge News : Read More