Earlier today the CNY (onshore Renminbi) traded as weak as 6.6934 to the dollar, achieving the goal from April 11's "The Chinese Yuan is Flirting With a Breakdown":
If it breaks through the current level (big if, it is the Bank of China
that picks the level) a very fast 5% weakening, from 6.37 to 6.68 would
be the target with a medium-term goal of 7.0 - 7.1.
That was followed by April 24's Currencies: "Oh My God, They Killed CNY! You Bastards" at (USDCNY 6.5451).
Today's chart, from TradingView:
6.6700 last on a days range of 6.6535 — 6.6934
