[Coin World] On November 27, news from the foreign exchange market: The CNY to USD central parity rate is set at 7.0779 today, an increase of 17 basis points compared to the previous trading day. This price level is the strongest in over two months - you have to go back to October 14 to see a higher number.
What does a strengthening Renminbi mean for the cryptocurrency market? The USD-denominated coin prices may face subtle changes, especially with a direct impact on capital flows in Asia. Friends who trade based on macro data can pay attention to this signal.
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Rekt_Recovery
· 11-30 01:36
cny pumping always catches me off guard ngl... last time i thought i had this macro stuff figured out my portfolio got liquidated lmao
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CryptoComedian
· 11-30 00:35
The Renminbi is showing off again, and now the guys in Asia have to recalculate; the drama of the dollar's exchange rate isn't over yet.
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The strongest in over two months? It looks like this wave is going to play people for suckers who are eyeing the dollar, and data shows that funds are shifting positions.
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Laughing and then crying, for a rookie like me, the appreciation of the Renminbi is just a signal; it's time to stop loss and run early.
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Macroeconomic data, you either make money if you understand it, or just laugh it off as a joke; I'm definitely the latter.
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A rise of 17 basis points, is it true? Does this mean the dollar-denominated coins are about to move? My Wallet is ready to tremble.
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Changes in the flow of Asian funds; who knows when it will be my turn to be played for a sucker.
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The strengthening of the Renminbi means that the cost of buying coins is changing; all you suckers better get your sacks ready.
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CommunityJanitor
· 11-29 23:14
Why is the RMB rising so fast? I need to quickly check my position.
Is Asian capital about to flee? I anticipated this long ago, haha.
It has risen by 17 basis points; the coin price is bound to adjust now.
A two-month high, feels a bit unusual.
Macroeconomic data is something that most people simply can't understand.
Is it favourable information or unfavourable information? I really can't figure it out.
Am I going to be played for suckers again? What should I do with my bnb?
The Chinese yuan is so strong, is the dollar depreciating or what’s the situation?
Those who trade by watching the exchange rate must be very smart.
Such signals are usually smashed down a few days in advance.
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Ser_Liquidated
· 11-27 18:17
The appreciation of the RMB this time, the Asian market is about to explode
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Another macro signal is here, should I buy the dip or rug pull?
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7.0779, right? Remember this number, you'll understand when it's time to cut loss
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Why do I have to follow these things, isn't it exhausting?
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The capital flow has suddenly changed, those who went long are about to be trapped.
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HodlKumamon
· 11-27 02:10
The recent appreciation of the RMB really needs to be monitored, as there will be subtle changes in the flow of Asian capital. According to historical data, these signals usually lead the coin price by 2-3 trading days.
CNY has appreciated by 17bp, which is actually an opportunity for Auto-Invest participants, as the Exchange Currency cost has decreased.
At a high point for more than two months, it feels like the macro environment is telling a different story, and fluctuations priced in USD may be coming soon.
Why does it feel like there have been so many implicit favourable information recently, and the market's response seems to lag behind?
Wait, doesn't this suggest that institutions are secretly adjusting their positions, with capital quietly flowing into Asia?
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GasWaster69
· 11-27 02:06
The Renminbi is acting up again, and funds in Asia may need to relocate.
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zkProofGremlin
· 11-27 02:01
The renminbi is showing off again, and the Asian market has to recalculate.
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FarmHopper
· 11-27 01:50
The RMB has risen so much, the funds over in Asia must be reallocated.
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OffchainOracle
· 11-27 01:45
The recent appreciation of the Renminbi has stirred up the Asian market.
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Is this a signal for Be Played for Suckers again? I'll just watch.
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Wait, does this mean Chinese funds will go overseas?
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Macro data is going to drive traders crazy again, haha.
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The 7.07 level is quite interesting, need to see if it breaks.
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With the Renminbi strong and the US dollar weak, is the crypto world going to change?
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It's just a reallocation of funds, you'll get used to it.
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Well, now there's another reason to watch the market.
CNY against the US dollar has risen to a nearly two-month high, and the funds flow in the crypto market may change.
[Coin World] On November 27, news from the foreign exchange market: The CNY to USD central parity rate is set at 7.0779 today, an increase of 17 basis points compared to the previous trading day. This price level is the strongest in over two months - you have to go back to October 14 to see a higher number.
What does a strengthening Renminbi mean for the cryptocurrency market? The USD-denominated coin prices may face subtle changes, especially with a direct impact on capital flows in Asia. Friends who trade based on macro data can pay attention to this signal.