Posts Tagged ‘ China ’
Since most emerging market economies and financial markets are fairly small, their currencies are subject to the whims of international investors, moreso than is the case with major currencies. For that reason, when I research emerging market currencies as a whole, I often like to focus on what investors are saying are saying about their [ READ MORE ]
It’s still anyone’s guess as to if and when China will allow the Yuan (RMB) to continue appreciating. You can see from the chart below – which shows the trading history for the RMB/USD December 2010 futures contract – that expectations of revaluation have eroded steadily since December 2009. At that time, it was projected [ READ MORE ]
By now, most investors are well aware of the acronym BRIC, which stands for the emerging market powerhouses of Brazil / Russia / India / China. When the idea was conceived in 2003, it seemed to make a lot of sense, as these four economies were at the top of the GDP ‘league tables,’ year-after-year. [ READ MORE ]
In January, the Canadian Dollar (aka Loonie) registered its worst monthly performance since June. Many analysts pointed to this as proof that its run was over, after coming tantalizingly close to parity. Others insisted that the decline was only a temporary correction, a mere squaring of positions before the Loonie’s next big run. Who’s right? [ READ MORE ]
It is the Year of the Tiger and to celebrate, Chinese markets are closed for the entire week. Here in the U.S., markets are also closed in observation of Presidents Day. As a result, it is expected to be an exceedingly quite trading day, which gives us the opportunity to contemplate the recent [ READ MORE ]
Last month, I reported on how anticipation is (was) building towards a revaluation of the Chinese Yuan (RMB), confidently stating that “The only questions are when, how and to what extent.” While I’m not ready to recant that prediction just yet, I may have to temper it somewhat. On the one hand, the case for RMB [ READ MORE ]
Another round of disappointing U.S. economic data has pushed the dollar sharply lower against the Japanese Yen and many of the other major currencies. Despite the Fed’s optimism, if economic data does not improve, the central bank’s credibility will come into question. The euro has not benefited from the sell-off in the dollar as concerns [ READ MORE ]
Forex also known as Currency trading is the currency market. Every day, approximately $ 4 trillion, that’s trillion with a”T” of value in global currencies change hands in this market. Forex trading is done 24 hours per day, 5 days a week, which means that it is almost always in [ READ MORE ]
The yen went on a rollercoaster ride during the Asian session trade today with USD/JPY first dropping to a low of 89.55 only to skyrocket back to 90.30 in matter of seconds as news of S&P downgrade of Japan swept the market. The yen initially strengthened on reports that Chinese monetary authorities have tightened bank [ READ MORE ]
It has been an extremely active day in the currency market with the U.S. dollar rising to a 5 month high against the euro. Dollar bulls were in full control today as the greenback strengthened against every major currency. Although we would have liked to say that the dollar has risen on stronger [ READ MORE ]
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