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The Macro Brief
The Macro Brief
The Macro Brief: Chinese Banks Sell Dollars; Saudi Banks May Signal Oil Cut Retreat

The Macro Brief: Chinese Banks Sell Dollars; Saudi Banks May Signal Oil Cut Retreat

Interesting developments this week involving Chinese and Saudi banks as the dollar wrecking ball continues.

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Macro Strat Chris
Jul 20, 2023
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The Macro Brief: Chinese Banks Sell Dollars; Saudi Banks May Signal Oil Cut Retreat
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I'll be updating members on recent events with Saudi Banks, and why it may signal constraint on the Kingdom's want to cut oil production.

Chinese banks intervene in the offshore yuan market.

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