Linked trade ideas span 5 sources.
Bullish: Potential strength of the Chinese yuan against the dollar, especially in scenarios of vaccine delay. Bearish: China's efforts to internationalize the yuan through initiatives like Belt and Road may be undermined by the adoption of US dollar stablecoins.
“A long vaccine delay would likely support the dollar versus a variety of emerging market currencies, but it could result in dollar weakness versus some other crosses, including the Chinese yuan and other Asian currencies, which have controlled the virus well...”
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