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Are Yuan Holders Turning To Bitcoin?
Wednesday, August 12, 2015 - 7:40am | 313Read More...Much like the crisis in Greece prompted some to buy bitcoin in order to preserve the value of their cash, many see the unexpectedly sharp devaluation of China's yuan as an opportunity for bitcoin. On Tuesday, BTC/CNY increased to 1690.36 and traded at a high of 1710 on Wednesday before...
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20 Stocks With The Highest Exposure To China's Lagging Economy
Tuesday, August 11, 2015 - 11:09am | 874Read More...Investors woke up on Tuesday to a surprise move in China as the country's central bank, The People's Bank of China, devalued the nation's currency to jolt its lagging economy. The central bank stated it will implement measures that will allow the yuan to weaken by nearly 2 percent....
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China Moves To Devalue Currency, Investors Cringe
Tuesday, August 11, 2015 - 8:39am | 359Read More...The People's Bank Of China slashed its daily reference rate by 1.9 percent this week, a move which devalued the nation's currency the most in 20 years. The decision sent shockwaves around currency markets and gave investors reason to further question whether or not Chinese policy makers...
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Chinese Buyers Enthusiastic About U.S. Real Estate
Monday, March 24, 2014 - 1:58pm | 540Read More...As China's economy continues to grow, more Chinese are investing in U.S. real estate. The National Association of Realtors (NAR) reports that Chinese buyers (including those from mainland China, as well as Hong Kong and Taiwan) were second only to Canadians when it came to international clients...
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Chinese Yuan Rises to New Record High Against the U.S. Dollar
Monday, December 9, 2013 - 4:40pm | 463Read More...The Chinese yuan, also known as the Renminbi, rose to a record high against the U.S. dollar on Monday. The move came after news that China's exports beat market expectations, inspiring the People's Bank of China (PBOC) to set the yuan at a fresh record high level. Yuan Daily Midpoint On...
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Will China's Pension Crisis Keep the Yuan from Becoming a Global Reserve Currency?
Wednesday, October 23, 2013 - 4:47pm | 740Read More...As reported in the Financial Times, Chinese officials were using the government shutdown in the United States to push for greater usage of the Chinese currency, the yuan, as a monetary unit for the settlement of transactions around the world. A major part of the lobbying effort pointed to the...
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ETFs for the Demise of the Dollar
Tuesday, October 22, 2013 - 3:42pm | 629Read More...The U.S. Dollar Index continues its recent slide after the jobs numbers announced early Tuesday, and is now testing a new two-year low. The index measures the performance of the U.S. Dollar versus a basket of six foreign currencies including the euro and the Japanese yen. Investors can invest...
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China Watches the U.S. Debt Ceiling Drama With Growing Frustration
Wednesday, October 16, 2013 - 4:05pm | 608Read More...China is more than a casual observer of the current poltical chaos in Washington. It's also the largest foreign holder of U.S. Treasury bonds, and, if a debt default takes place now or in the near future, China will take one of the largest losses globally. Early last week, Chinese officials...
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How China Can React to Falling Exports
Thursday, June 6, 2013 - 10:25am | 345Read More...Chinese outbound shipments increased by just 7.1 percent in May, a sharp decline from the 14.7 percent growth for April, Bloomberg reported. This comes after China's Flash Manufacturing PMI indicated contraction for May. Naturally corresponding with slowed exports is the rising value of the yuan...
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Chart of the Day: Yuan Rises, Deficit Widens
Tuesday, October 11, 2011 - 12:40pm | 354Read More...The chart above is from The Economist, with the following commentary: "As the chart above suggests, the recent relationship between China's currency and America's trade deficit with China is not what China hawks in the Senate think it is. Rather than a cheap yuan leading to a flood of Chinese...
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How to Profit From Talk of Trade War Between America and China
Tuesday, October 4, 2011 - 7:50am | 704Read More...The United States Congress moved closer to passing a bill that would punish countries that the United States accuses of keeping their currencies artificially low. The law is clearly aimed at China, which has long been accused of manipulating its currency in order to make its exports more...
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Should China Be Labeled a Currency Manipulator?
Monday, October 3, 2011 - 2:39pm | 791Read More...Recently there has been a lot of talk about China being potentially labeled a currency manipulator. The claims are that China has artificially suppressed its currency over the years, making its goods cheaper, adding to millions of jobs in the country, while taking jobs away from America. The...
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How to Profit From Grim IMF Global Outlook
Wednesday, September 21, 2011 - 9:10am | 605Read More...The International Monetary Fund (IMF) gave a grim outlook for the global economy in its most recent World Economic Outlook report. According to the IMF, “financial volatility has again increased drastically, driven by concerns about developments in the euro area and the strength of global activity...
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Potential Chinese Announcement on June 19th Might Shakeup Forex Markets
Friday, June 17, 2011 - 3:39pm | 631Read More...Look for China to make a Yuan announcement on June 19th. The 19th is the one-year anniversary of the decision by the People's Bank of China to allow the currency to appreciate. According to Bloomberg, TD Securities believes that, while the Chinese may claim to be increasing the trading band on the...
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The Case for a Global Depression
Friday, June 17, 2011 - 2:04pm | 1059Read More...Conditions in the global economy appear to be deteriorating. Is this a temporary "bump in the road," as President Obama described, or are we due for something much worse? It is perfectly possible that the economy could turn. As of yet undiscovered technological improvements, impossible to predict...
