fontu replies to: USD/CNH

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China loves gold too. Yuan v Gold {image} Who is the biggest buyer and seller of gold? China

Yuan backed by GOLD hence the very high correlation.

Why is there no JPY/CNH, GBP/CNH, EUR/CNH, AUD/CNH, CAD/CNH to trade? WTF

It’s petroyuan not petrodollar YET the Renminbi is not a MAJOR currency? WTF

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