What’s next for China? There has been some discussion lately about whether or not China is on the verge of collapse. Some believe that China’s growth has been slowing to a point where it will bottom out and lead to problems. Additionally, there is the problem that China itself has some loans on the books, [...]
Aussie surges on Chinese decision While the rest of the world was focusing on the major central banks’ decision to increase dollar liquidity through swaps, China was quietly cutting its reserve requirement ratio. Effective Monday, the reserve requirement ratio is cut by 50 basis points. The news has been somewhat lost in the clamor over [...]
Yuan set to appreciate over time Chinese leaders have expressed their commitment to moving the yuan (also called the renminbi) closer to becoming a free floating currency. China has said that it will adjust its currency peg a little bit in order to more closely reflect its "true" value. (Even so, some still say that [...]
Global economy could be hit be China slowdown China’s economy is slowing down, with inflation easing, and expectations that it will continue to ease. The news isn’t great for the rest of the world, which has been counting on Chinese growth to help keep the global economy from sliding into recession. For now, currencies with [...]
Global economy could be hit be China slowdown China’s economy is slowing down, with inflation easing, and expectations that it will continue to ease. The news isn’t great for the rest of the world, which has been counting on Chinese growth to help keep the global economy from sliding into recession. For now, currencies with [...]
Euro forex trading forecast looks up Even though a bailout for Greece is widely expected, there are still concerns about the euro zone in general. Other countries, like Portugal and Ireland, still have debt issues. However, the euro zone might get some help from China. China is pledging to buy European debt in an effort [...]
Yuan will appreciate if China stops buying Treasuries For five months, China reduced the amount it bought in U.S. Treasuries. However, a report for April shows that China increased its Treasury buying. Of course, some contend that China had no choice, considering the trade surplus the country has with the U.S. Bloomberg BusinessWeek reports on [...]
China’s economy, projected to grow at a rapid 9½ percent this year, remains on a strong footing, propelled by vigorous domestic and external demand, the IMF says in its latest assessment, adding that many of the drivers behind inflation should soon start to dissipate. IMF Survey Magazine
Aussie falters in currency trading on China rate hikes concerns China and India can’t seem to slow their explosive economic growth. This very growth is the reason that many think that emerging market currencies will be the real heroes in bringing the global economy out of the funk it’s been in since the 2008 financial [...]
FXstreet.com (Barcelona) For more information, read our latest forex news. For more information, read our latest forex news. FXstreet.com: Latest News
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FXstreet.com (Córdoba) – The Chinese Gross Domestic Product rose by 9.7% over the year to the March… For more information, read our latest forex news. FXstreet.com: Latest News
Since the People’s Bank of China (PBOC) unfixed the Chinese Yuan in June, it has appreciated 4.5%. Moreover, for a handful of reasons, it looks like China will continue allowing the RMB to appreciate at the same steady pace for the foreseeable future. And yet, the international community continue to use China as a scapegoat [...]
Chinese president calls the U.S. dollar a “product of the past” Hu Jintao, the Chinese president, is coming to the U.S. this week to talk trade and currencies and other issues with American leaders. Minimizing U.S. criticism, Hu pointed out that China is rising, and the U.S., along with its currency, is becoming a relic. [...]
Accumulation driven by speculative inflows China continues to build its forex reserves at a rather rapid rate. Indeed, China appears bent on increasing its holdings — in spite of the country’s declining trade surplus. This is a new course of action for China, which usually ties its accumulation of forex reserves to the trade surplus. [...]
U.S. dollar lower in currency trading today The U.S. is once again putting pressure on China to ease its practices with regard to trade and the economy. The U.S. wants China to allow more foreign companies access to the Chinese economy. The Financial Times reports on what has U.S. officials upset: A package of Chinese [...]
Risk appetite down on announcement China has once again raised reserve requirements on its banks. This is the second time in two weeks — and the fifth time this year. The move is designed to rein in economic growth by slowing inflation. China has been seeing great economic growth, even through the recession. Many have [...]
U.S. dollar makes some gains in forex trading The G-20 summit is underway in South Korea right now, and the world’s largest economies are trying to come to some sort of agreement as to what should be done to help economic growth while attaining some sort of trade balance. It is clear that the U.S. [...]
More tightening expected in China China has just reported a jump in its trade surplus, and, as a result, is expected to do what it can to cool the inflation that is expected. It is not surprising that, after this report, Chinese banks have been ordered to increase their case reserves. The whole idea is [...]