I was on the Business News Network this morning talking about my reaction to the Australian rate hike, the IMF’s report on Chinese Yuan undervaluation and my outlook for the Canadian rate decision
Click on image to access the video

Posted in 2009 canadian dollar, Australian Dollar, Bank of Canada, australian dollar forecast, china, chinese yuan No Comments »

The Financial Times carried a long article yesterday by Peter Garnham on the fears for the future of the dollar carry trade. The key takeaway from the article is that China estimates the dollar carry trade to be $1.5 trillion compared to an $1 trillion that was put into the Yen carry trade (the [...]

Posted in china, dollar carry trade 1 Comment »

Here is a very well written article about China’s predicament with the U.S. dollar and explains why they won’t be talking down the dollar anytime soon:
From the Weekly Standard
The Dollar’s New Best Friend
Beijing warms up to the greenback–because it has to.
by Gordon G. Chang
Last Tuesday, Brazil, Russia, India, and China–the so-called BRIC nations–met in Yekaterinburg, [...]

Posted in china, chinese yuan, forex blog 4 Comments »

According to the latest data from Treasury, foreign investors were net sellers of U.S. dollars. The Madoff scandal led to a tremendous amount of liquidation by hedge funds in the Caribbean and Luxembourg but we have our eye on China. The Asian Giant continues to be a net buyer of dollar denominated investments, albeit [...]

Posted in china, chinese yuan, forex blog 3 Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 4:47minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
China and Vietnam Takes Steps to Clamp Down on Inflation
Bond Markets Pricing in a Fed Rate Hike
ECB Member Stark Says Central Bank Does Not Plan Series [...]

Posted in Bank of Canada, Bank of Japan, Bernanke, Bloomberg, British Pound, Canadian Dollar, Crude Oil Prices, ECB, FX Radio, Federal Reserve, Forex Podcast, Japanese Yen, Trichet, Vietnam, Wall Street Journal, china 1 Comment »