@DavePKel@WatcherGuru You’re arguing two opposite stories at once.
If China is “goosing GDP” by dumping exports, growth isn’t stagnation. If households are being crushed and the economy is stagnating, then the “GDP goose” isn’t working.
Strong exports & soft domestic demand usually mean Beijing prefers a competitive CNY.
DXY mostly prices Fed/US rates. CNY management can leak into USD crosses, but it doesn’t move the dollar index more than the headline.