China Says It Won’t Use Exchange Rates as a “Tool” in Trade Dispute
Pushes back claims nation intentionally lowered yuan
Tag: Yuan
Is the U.S. Dollar Set to Soar?
Hating the U.S. dollar offers the same rewards as hating a dominant sports team: it feels righteous to root for the underdogs, but it’s generally unwise to let that enthusiasm become the basis of one’s bets. Personally, I favor the…
The Coming War of Central Banks
History has shifted, and we’re leaving the era of central bank convergence and entering the era of central bank divergence, i.e. open conflict. In the good old days circa 2009-2014, central banks acted in concert to flood the global banking…
FX Crisis Brewing: Japan Needs a Stronger Dollar, China Wants a Weaker Dollar: The Fed Can’t Please Both
Foreign exchange (FX) is a zero-sum game: if one currency weakens, another must strengthen. Since the value of a currency is relative to other currencies, all currencies can’t weaken together: at least one currency must strengthen as others weaken. That…
Why the Chinese Yuan Will Lose 30% of its Value
The U.S. dollar (USD) has gained over 35% against major currencies since 2011. China’s government has pegged its currency, the yuan (renminbi) to the USD for many years. Until mid-2005, the yuan was pegged at about 8.3 to the dollar.…
U.S. stock market collapsing as global currency war heats up
‘Amid a global financial system that remains in flux, oil prices tanked Friday as well, sending prices below $40 a barrel for the first time since the Global Recession was at its peak in 2009. Prices touched a six-and-a-half year low of $39.86 a barrel for a brief period, rising above $40 to settle around […]
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China, the Hollow Dragon
It is widely assumed that manufacturing (a.k.a. the world’s workshop) is the source of China’s wealth. But how can this be true, given that manufacturing profit margins are razor-thin in China, and have been since the early 2000s? Given that…
Gold At $64,000 – Bloomberg’s ‘China Gold Price’
Gold At $64,000 – Bloomberg’s ‘China Gold Price’ – Bloomberg Intelligence suggest gold backed yuan see gold at $64,000 per ounce – “Chinese gold standard would need a rate 50 times bullion’s price” – As China-U.S. relations deteriorate, gold backed…
Gold At $64,000 – Bloomberg’s ‘China Gold Price’
Gold At $64,000 – Bloomberg’s ‘China Gold Price’ – Bloomberg Intelligence suggest gold backed yuan see gold at $64,000 per ounce – “Chinese gold standard would need a rate 50 times bullion’s price” – As China-U.S. relations deteriorate, gold backed…
Gold At $64,000 – Bloomberg’s ‘China Gold Price’
Gold At $64,000 – Bloomberg’s ‘China Gold Price’ – Bloomberg Intelligence suggest gold backed yuan see gold at $64,000 per ounce – “Chinese gold standard would need a rate 50 times bullion’s price” – As China-U.S. relations deteriorate, gold backed…
Gold Is “100% Guarantee from Legal and Political Risks” – Russia
Gold Is “100% Guarantee from Legal and Political Risks” – Russia – Gold is “100% guarantee from legal and political risks” – Russia’s central bank buys another 300,000 ounces in April – Russia views its overseas assets as vulnerable –…
China Creates Gold Bullion Fund For Central Banks
China Creates Gold Bullion Fund For Central Banks – China’s new gold fund – 60 countries to develop gold mining projects – Allow member central banks to have easier access to gold – Gold to be traded on increasingly important…