cross-posted from : https://lemmy.zip/post/63263305
US banks led by Goldman Sachs have borrowed a record Rmb47.5 billion in offshore renminbi debt so far in 2026, with Goldman accounting for the majority of self-led issuance, the Financial Times reported this morning.
Deutsche Bank placed the largest single panda bond ever issued by a foreign bank in March 2026 at Rmb5.5 billion
I guess that with an orange lunatic in charge of the country, the USD has lost a lot of it’s value.
You can clearly see that when Mr. Trump took office in 2025, the USD started falling rapidly.
And despite a few smaller recovery spikes since, the overall graph is pointing down.