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Chinese Yuan CNY Devalues 9% instantly! [Media Blackout?]
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Topic: Chinese Yuan CNY Devalues 9% instantly! [Media Blackout?] (Read 1274 times)
imbladednow
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Re: Chinese Yuan CNY Devalues 9% instantly! [Media Blackout?]
December 05, 2016, 11:45:14 PM
#21
Quote from: Derek492 on December 05, 2016, 11:42:55 PM
This is unbelievable! Now it just moved 9% back the other direction!
Market makers. Gotta love them!
I need crypto in my life and garbage out of it.
BurtW
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Re: Chinese Yuan CNY Devalues 9% instantly! [Media Blackout?]
December 05, 2016, 11:47:29 PM
#22
So I guess it was a "glitch" after all that...
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Derek492
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Re: Chinese Yuan CNY Devalues 9% instantly! [Media Blackout?]
December 06, 2016, 12:00:52 AM
#23
Quote from: BurtW on December 05, 2016, 11:47:29 PM
So I guess it was a "glitch" after all that...
A 5 hour glitch with live trading during, with no news whatsoever...?
As of right now, Google says it is still 7.48 to the dollar...but they changed the 9% to 0%
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hacknoid
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Re: Chinese Yuan CNY Devalues 9% instantly! [Media Blackout?]
December 06, 2016, 12:13:44 AM
#24
Quote from: cmacwiz on December 05, 2016, 11:37:43 PM
XE is back to normal, others aren't yet
Still looks weird... after dropping back down it is now rock steady for the past 40 mins ... not the behavior of being actively traded.
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hacknoid
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Re: Chinese Yuan CNY Devalues 9% instantly! [Media Blackout?]
December 06, 2016, 12:15:23 AM
#25
Quote from: BurtW on December 05, 2016, 11:35:16 PM
Finally a news story:
http://foreignpolicy.com/2016/12/05/did-chinas-currency-just-drop-off-a-cliff/
Quote
<snip>
Could Beijing have have just answered President-elect Donald Trump’s weekend provocations?
</snip>
Maybe they just let it slide for an hour, to prove a point. Pretty serious, but who knows?
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Shiroslullaby
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Re: Chinese Yuan CNY Devalues 9% instantly! [Media Blackout?]
December 06, 2016, 12:28:38 AM
#26
"People are saying that the upstream provider(ICAP) of XE made a mistake..."
other sources are saying that the price is correct....
Will have to wait and see but I would think a data error is more likely since many sites are showing a stable price.
(Unless we have some serious media coverup going on.)
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imbladednow
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Re: Chinese Yuan CNY Devalues 9% instantly! [Media Blackout?]
December 06, 2016, 03:16:04 AM
#27
Quote from: Shiroslullaby on December 06, 2016, 12:28:38 AM
"People are saying that the upstream provider(ICAP) of XE made a mistake..."
other sources are saying that the price is correct....
Will have to wait and see but I would think a data error is more likely since many sites are showing a stable price.
(Unless we have some serious media coverup going on.)
Ofc the price was correct. We all saw it. All im saying is expect more wild swings because You can only hold the flood gates for so long before the pressure becomes so big it over powers the gates and wipes everything out.
I need crypto in my life and garbage out of it.
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