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G-20 Looks for Agreement
November 11, 2010U.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. [...]
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China Sees Jump in Trade Surplus
November 10, 2010More 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 [...]
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Does the U.S. Seriously Think It Can Force China to Do Anything?
October 12, 2010Washington tries to pressure China into yuan appreciation China’s currency peg to the U.S. dollar ensures that the yuan (also called the renminbi) remains weak on the world currency market. Individuals cannot trade with the yuan, and the weak currency means that China maintains its export advantage. However, China’s pegged currency also means that a [...]
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Yuan Appreciation Likely to Come Slowly
September 22, 2010How soon will China become the #1 economy in the world? According to a Bloomberg global poll, there is wide belief that China will become the world’s foremost economy within two decades. The poll also indicates that many believe that yuan appreciation against the U.S. dollar will be slow. This is not terribly surprising, considering [...]
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China Brings in 54 Billion Yuan During Bond Sale
August 25, 2010Could yuan be the next world currency? China certainly appears to be on its way to building the next de facto world currency. In spite of some relatively recent calls for a new global reserve currency, it appears that China could actually be setting things up for the ascendancy of the yuan. Earlier this week, [...]
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Oil drops to session lows, breaks $75.00
August 16, 2010FXstreet.com (Barcelona) – Crude Oil for September delivery is trading lower on Monday, and it just broke out key support at $75.00, opening the doors for further downside exposure. Investors continue very concerned about the ongoing string of weak indicators financial markets have been invaded with over recent weeks. From a faltering US economic recovery, [...]
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Down Under Currencies Outperform in Forex Trading
July 20, 2010China helps Aussie and kiwi in currency trading Down under currencies are outperforming in forex trading today as optimism about China helps matters. Indeed, there is an assumption that China will eventually ease its money policies, and that growth will pick up again. Australia and New Zealand have strong trade ties to China, and benefit [...]
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China Says Yuan Appreciation Will Be Gradual
May 24, 2010Chinese leaders assert themselves in terms of yuan re-valuation One of the sticking points between the U.S. and China is the value of the yuan. The Chinese keep the yuan low against the U.S. dollar in order to gain a trade advantage. Many believe that yuan appreciation needs to take place in order to balance [...]
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RBA Hikes Interest Rate
May 4, 2010Risk aversion rules forex market, though The Reserve Bank of Australia hiked its interest rate again, continuing its aggressive attempts to stem the tide of inflation. Australia’s economy gets regular boosts from China, though, and with China trying to slow things down, the RBA may put further hikes on hold. Normally, such a move would [...]
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China and Forex Trading Forecast
February 15, 2010Currency trading on the FX market Many are wondering what China’s recent moves to stymie growth may do to currency trading on the FX market. And, indeed, with China poised to become the next economic superpower, the country is expected to have an influence on the forex trading forecast. GFT’s Kathy Lien reports on FX360 [...]
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Can China Avoid a Post-Olympic Economic Downturn?
January 12, 2009Given the rising prominence of China within the framework of the global economy, analysts are watching with baited breath to see if and how China can avoid a dreaded economic downturn.