Home » Posts tagged 'chinese yuan'
Tag Archives: chinese yuan
De-Dollarization? China Completes First Digital Yuan Purchase For Cross-Border Oil Transaction
De-Dollarization? China Completes First Digital Yuan Purchase For Cross-Border Oil Transaction De-dollarization continues accelerating with news of the Shanghai Petroleum and Natural Gas Exchange (SHPGX), a Chinese-backed exchange for trading energy-related products, settling its first cross-border transaction in digital yuan. Chinese-based financial news outlet “Yicai” first reported PetroChina International bought one million barrels of crude […]
Peter Schiff: Americans Are in for a Rude Awakening
Peter Schiff: Americans Are in for a Rude Awakening On Jan. 13, Peter Schiff appeared on RT Boom Bust with Bubba Horwitz to talk about the yuan, the dollar, the stock market and the US economy. Peter said the dollar is eventually going to collapse and it’s going to be a rude awakening for Americans. The Chinese […]
China Cuts Required Reserve Ratio Releasing $126BN In Liquidity; Yuan Surges
China Cuts Required Reserve Ratio Releasing $126BN In Liquidity; Yuan Surges As had been widely previewed in China’s official financial press in recent days, on Friday the PBOC announced it would cut the required reserve ratio (RRR) for all banks by 0.5% effective Sept. 16 (and by 1% for some city commercial banks, to take effect in […]
Tumbling Yuan Sends Ripples Through Petrochemical Market
Tumbling Yuan Sends Ripples Through Petrochemical Market The trade war between China and the United States has triggered a global economic slowdown thanks to far-reaching tensions between the world’s two biggest economies. Last Friday China lobbed their most recent retaliation back at the United States by announcing tariffs on an additional $75 billion worth of […]
The Reality of Trade Between USA & China
The Reality of Trade Between USA & China We are clearly cascading toward the Monetary Crisis Cycle as the USA wrong accuses China of manipulating its currency for trade advantages. All one needs do is look at the trend of the dollar against other major world currencies and you will quickly see that the trend […]
Russia, China Prepare To Dump Dollar, Agree To Bilateral Trade In National Currencies
Russia, China Prepare To Dump Dollar, Agree To Bilateral Trade In National Currencies Just one month after conducting joint military exercises, Russia and China are set to sign an agreement which would boost the use of their national currencies in bilateral and international trade in an attempt to mmove away from the current dollar-denominated financial system, […]
De-Dollarization Accelerates: Central Banks Dump Dollar In Q4, Buy Yuan
De-Dollarization Accelerates: Central Banks Dump Dollar In Q4, Buy Yuan The dollar’s share of global central-bank reserves slumped to the lowest level since 2013 while holdings of the Chinese yuan rose for the fifth quarter in the past six, IMF data showed Friday. The U.S. currency accounted for 61.7% of global allocated foreign-exchange reserves in […]
China’s Economic Slump Accelerated In October, Early Indicators Show
China’s Economic Slump Accelerated In October, Early Indicators Show As corporate defaults surge, forcing a desperate PBOC to reverse its deleveraging efforts and threaten more interventions to stave off a more serious retrenchment in growth in the world’s second largest economy, it seems like not a day goes by without another warning sign that China’s […]
Weekly Commentary: “Whatever They Want” Coming Home to Roost
Weekly Commentary: “Whatever They Want” Coming Home to Roost Let’s begin with global. China’s yuan (CNY) traded to 6.9644 to the dollar in early-Friday trading, almost matching the low (vs. dollar) from December 2016 (6.9649). CNY is basically trading at lows going back to 2008 – and has neared the key psychological 7.0 level. CNY […]
“The Central Bank Will Intervene”: PBOC Said To Sell Reserves If Yuan Drops Below 7.00
“The Central Bank Will Intervene”: PBOC Said To Sell Reserves If Yuan Drops Below 7.00 According to the latest data from China’s SAFE, net FX outflows from China picked up to US$21BN in September (vs. US$11BN in August) and the highest since mid-2017 with Goldman noting that “outflow might have increased moderately further in October, but […]
US Dollar Refuses to Die as Global Reserve Currency — But Loses Ground
US Dollar Refuses to Die as Global Reserve Currency — But Loses Ground Chinese RMB gains, but is inconsequential as central banks remain leery. Euro hangs on. Those who’re eagerly awaiting the end of the “dollar hegemony,” or the end of the dollar as the top global reserve currency, well, they’ll need some patience, because […]
Is China Losing Control? Yuan More Volatile Than Euro For First Time Ever
Is China Losing Control? Yuan More Volatile Than Euro For First Time Ever For the first time, FX traders are grappling with wilder swings from China than Europe. As Bloomberg notes, the offshore yuan has been more volatile than the euro all month after first overtaking the shared currency in July, according to 30-day realized data. And while euro […]
China “Weaponizes Yuan” – Weakens Fix By Most Since 2016
China “Weaponizes Yuan” – Weakens Fix By Most Since 2016 On the heels of its ‘stealthy’ easing.. and not so stealthy: In the past 48 hours China has: – Cut its 7-day Treasury rate by 103bps – Launched quasi QE – told banks to flood the system with liquidity – Sent the Yuan tumbling – Warned […]
Trump’s Trade War May Spark a Chinese Debt Crisis
Trump’s Trade War May Spark a Chinese Debt Crisis (Bloomberg Opinion) — There’s no chance China will cut its trade surplus with the U.S. in response to President Donald Trump’s tariff threats. For starters, Washington has made no specific demand to which Beijing can respond. But its efforts may have an unexpected side effect: a debt crisis […]
Trade War With China Morphs Into Currency War: Biggest Loser is the EU
Trade War With China Morphs Into Currency War: Biggest Loser is the EU Those who think “trade wars are good and easy to win” need to stop and reflect on currency wars. Trade Wars Easy to Win ✔ When a country (USA) is losing many billions of dollars on trade with virtually every country it […]
