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
Entries Categorized as 'chinese yuan'
Reaction to Australian Rate Hike, Outlook for Canada Rate Decision
March 2, 2010
China’s Dollar Trap
June 25, 2009
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, [...]
Chinese Yuan: The New Reserve Currency?
May 14, 2009
Over the past few years, there has been a lot of talk about whether a new currency will replace the U.S. dollar as the global reserve currency. I have often repeated my opinion that this possibility will not become reality over the next 10 years. However, we cannot underestimate the importance of the [...]
China: Flexing their Muscle
March 16, 2009
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 [...]
Geithner Turns Up the Heat on China
January 22, 2009
**Update: As of 11:30am ET, Geithner is confirmed as Treasury Secretary
In his confirmation hearing with the Senate Finance Committee, Treasury Secretary Nominee Tim Geithner said that a “strong dollar is in America’s National Interest.” As potential Treasury Secretary, we expected Geithner to adopt the stance of his predecessors, which is to pay lip [...]
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