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Washington’s Financial/Currency War On China: Eclipsing Of The Dollar By The Yuan – OpEd
By Mahdi Darius Nazemroaya The Chinese are in the process of displacing the monopoly of the US dollar. They are dropping their US Treasury bonds, stockpiling gold reserves, and opening regional distribution banks for their own national currency. This will give them easier access to capital markets and insulate them from financial manipulation by Washington and … Continue reading
How China’s Currency Policies Will Change The World
By Stratfor Global Intelligence The recent fluctuations in China’s currency typify the best and worst of a globalized world, where developments in one place can instantly change the political and financial calculations of governments in others. For most of human history, the communities, cultures and economies of the world existed independently of one another, separated … Continue reading
Why Devaluing The Yuan Won’t Help China’s Economy
By Frank Shostak Earlier this month, the Chinese government decided to depreciate its currency on three consecutive occasions. On August 13, the price of the US dollar was trading at 6.413 — an increase of 3.3 percent against July. The key factor behind the central bank’s lowering of the yuan is a sharp decline in the … Continue reading
How A Chinese Slowdown Will Hit Global Growth
By Dr. Linda Yueh As China’s markets fall and drag down global equities, the underlying concern is undoubtedly how much a slowdown in the Chinese economy will affect the rest of the world. Since the 2008 global financial crisis, China has notably emerged as one of the twin engines of world growth. China has contributed as … Continue reading
Yuan Contagion: Vietnam’s Central Bank Devalues Currency For Third Time In 2015
Vietnam’s Central bank has devalued the nation’s currency on Wednesday for the third time this year and widened the its trading band, in the latest sign of stress in Asian exchange rates following a move last week by China to devalue its currency. The State Bank of Vietnam weakened its currency reference rate by 1 percent and increased the … Continue reading
Can China’s Currency Devaluation Tackle Secular Stagnation?
By Andrew Sheng and Xiao Geng Secular stagnation is looming worldwide, and China is no exception. Globally, the unprecedented monetary and fiscal stimulus following the 2008 financial crisis has caused debt, equity, and property prices to peak, even as trade and investment decline; all of this has depressed demand, economic growth, and inflation. For China, … Continue reading
Which Countries Are Most Exposed To China’s Currency Devaluation?
By Alex Christensen China’s decision to let the yuan depreciate last week came for a number of reasons, including being a needed boost for Chinese export industries. But there are two sides to every currency swing, as the following countries are quickly learning. Did China devalue its currency or liberalize its currency market when it suddenly … Continue reading
Mexico, Colombia Join The “Fragile Five”
Mexico and Colombia have now joined the “fragile five” grouping of emerging market (EM) economies, replacing India and Brazil, according to JPMorgan, the Financial Times (FT) reports. The two Latin American nations will now join Turkey, South Africa, and Indonesia to form the group of EM countries seen as the most overdependent on volatile foreign investment flows. In August 2013, as … Continue reading
China’s Stock Index Has Just Made Its Best Week In 2 Months While Yuan Volatility Shakes The Markets
China’s benchmark stock index has just made its biggest weekly gain in two months. Investors bet that the weaker yuan will help to boost the economy. The Shanghai Composite Index rose 0.3% at the close today and this week the index advanced by 5.9%. The yuan lost 3% for the week as a result of Tuesday’s surprise devaluation. Gerry Alfonso, a sales trader at Shenwan … Continue reading
Currency War Intensifies As China Devalues Yuan For Third Day In A Row
China’s Central Bank, the People’s Bank of China (PBOC), has further devalued the yuan on Thursday for a third day in a row — following a surprise “one-time devaluation” announced by the Central Bank on Tuesday — which is heating up what appears to be a currency war that is continuing to rattle markets. . On Thursday, the PBOC set the … Continue reading
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