China

Highlights The US dollar remains firm after yesterday’s recovery.  New concerns about the funding needs of European banks have been sufficient to offset the stronger than expected German IFO survey.  Euro support is seen in…

Joe Weisenthal, the title of this post is for you! Story of the Day: China's currency move China to Put Renminbi in a Currency Basket - Daily Reckoning Yuan appreciation not guaranteed - National Post Also See Marc Chandler's…

China's Ministry of Commerce is on the wires saying it will monitor the yuan reform impact on Chinese export companies.   While China is a big exporter it is also a significant importer as well.  The increase in the yuan's…

Ideas that China will allow greater flexibility in the yuan, which for many means appreciation, will have positive impact on Latam currencies.   The Mexican peso and Brazilian real are leading the advance with about 0.66% gain…

Highlights The US dollar is generally softer.  News that China has agreed to make its currency more flexible has captured the imagination of the market and this has been expressed in what are regarded as risk trades.  Among the…

The US Treasury and the Congress appear to be intensifying pressure on the China to allow the yuan to appreciate.   Other officials may weigh in ahead of the G20 meeting (June 25-27). Congressional support is reportedly strong…

I am trying to make sense of the revaluation talk that surrounds the Sino-American trade relationship. Here are some thoughts on the issue.  Your comments are appreciated. In the 1920s, the United States was the Alpha Creditor…

Marc Chandler is the Global Head of Currency Strategy at Brown Brothers Harriman. The Russian despot Vladimir Lenin was a big fan of Frederick Taylor.   Taylor's time and motion studies revolutionized the work process by boosting…

I have been very hawkish on protectionist rhetoric in the past, going so far as to call it the major risk to continued economic growth. However, I was on BNN's Headline show at lunchtime yesterday with Stacy-Marie Ishmael of FT Alphaville.…

Must-read: On China, Trade and Protectionism (more on this in the next post) FT.com - China export surge stirs US anger The Usual Fare FT.com - Gillian Tett - Europe’s antipathy to stress tests is well founded EconomPic:…