Chinese Yuan bearish for stocks?

OFFSHORE CHINESE YUAN / U.S. DOLLAR (FX_IDC:CNHUSD)

FX_IDC:CNHUSD OFFSHORE CHINESE YUAN / U.S. DOLLAR

beyondta

Looking at this chart it does seem to be that there could be a relationship between the yuan and the S&P. The strong bull market since 2020 coincided with a strong Yuan and since then things took a down turn roughly at the same time. The Yuan has recently sharply decreased against the USD.

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