[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  EndGame Macro [@onechancefreedm](/creator/twitter/onechancefreedm) on x 40.2K followers Created: 2025-07-21 01:29:08 UTC This stronger than expected yuan fix has global implications and it’s a clear signal the PBOC is pushing back against currency devaluation pressure without letting go of control. For the global economy, it means China is trying to prevent a disorderly slide in the yuan, which could have triggered competitive devaluations across Asia and stoked fears of deflation exporting out of China. By holding the line here, Beijing is signaling that they are not ready to let the currency act as a pressure valve, yet. For the U.S., this is both a warning and a clue. It shows the Chinese economy is under more stress than headline numbers suggest, and that capital flight or foreign divestment is pressuring the yuan harder than the PBOC wants to admit. At the same time, a stronger fix gives the Fed cover to delay rate cuts, because global deflationary spillover is being contained for now. But it’s a fragile balancing act. If China keeps overriding the market to defend the yuan, they risk draining FX reserves or triggering stealth capital controls. If they let go, it could spark a fresh dollar rally and a wave of volatility across emerging markets. Either way, the U.S. isn’t insulated from this. It’s all part of the same currency chessboard. XXXXXX engagements  **Related Topics** [chinese yuan renminbi](/topic/chinese-yuan-renminbi) [$usdcnh](/topic/$usdcnh) [$usdcny](/topic/$usdcny) [united states dollar](/topic/united-states-dollar) [$cny](/topic/$cny) [deflation](/topic/deflation) [asia](/topic/asia) [china](/topic/china) [Post Link](https://x.com/onechancefreedm/status/1947106538209882450)
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EndGame Macro @onechancefreedm on x 40.2K followers
Created: 2025-07-21 01:29:08 UTC
This stronger than expected yuan fix has global implications and it’s a clear signal the PBOC is pushing back against currency devaluation pressure without letting go of control. For the global economy, it means China is trying to prevent a disorderly slide in the yuan, which could have triggered competitive devaluations across Asia and stoked fears of deflation exporting out of China. By holding the line here, Beijing is signaling that they are not ready to let the currency act as a pressure valve, yet.
For the U.S., this is both a warning and a clue. It shows the Chinese economy is under more stress than headline numbers suggest, and that capital flight or foreign divestment is pressuring the yuan harder than the PBOC wants to admit. At the same time, a stronger fix gives the Fed cover to delay rate cuts, because global deflationary spillover is being contained for now. But it’s a fragile balancing act. If China keeps overriding the market to defend the yuan, they risk draining FX reserves or triggering stealth capital controls. If they let go, it could spark a fresh dollar rally and a wave of volatility across emerging markets. Either way, the U.S. isn’t insulated from this. It’s all part of the same currency chessboard.
XXXXXX engagements
Related Topics chinese yuan renminbi $usdcnh $usdcny united states dollar $cny deflation asia china