Trade and the RMB
What is driving the increase in the RMB-denominated trade is probably not any preference to transact in RMB but rather speculative demand for RMB. That sounds pretty plausible.
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Browsing Tag
trade
Italy is the elephant in the euro room, not Spain
Looking through the latest round of EU GDP data, one thing is becoming increasingly obvious: when it comes to future monetary policy decisions at the ECB, and to exactly how many more interest rate hikes we are going to see, then the…
China losing competitiveness
As labour costs in China rise, economists are beginning to think about replacing labour with capital, something we have already seen as a major factor in suppressing wage gains in developed economies. This is also in line with what…
Brazil Resorts To Protectionism
Brazil is reportedly imposing trade barriers on auto parts imports and a variety of other products. Imports of 27 products will reportedly have tighter licensing requirements that can take up to 60 days to approve. These are called…
First Quarter 2011 GDP: The only improving factor was stronger inventory growth
The Bureau of Economic Analysis' (BEA) first ("Advance") estimate of the annualized growth rate of the first quarter 2011 U.S. Gross Domestic Product (GDP) was 1.75%, down significantly from the 3.11% growth rate reported for the fourth…
Fracking and China’s quest for natural gas
You have probably seen the headlines on the natural gas accident in Pennsylvania. Chesapeake Energy, the largest natgas driller reported on Tuesday that one of its wells in Bradford County, Pennsylvania was uncontrollably spilling thousands…
Without changes to reserve currencies another crisis is inevitable
We saw that Joseph Stiglitz proposes a new reserve currency to alleviate pressure on trade imbalances. Michael Pettis is now also proposing a similar move away from the U.S. dollar. In an FT Op-Ed, Michael wrote that every generation we…
Pushing The Reset Button In Japan?
By Claus Vistesen
The past week has shown the dark side of media coverage and the analysis of current events. It is a test on just how much information you stuff down the public's throat. In the narrowness of my own world, the financial…
Surely There Is Nothing “Funny” About What Is Going On In Japan?
By Edward Hugh
As Japanese officials continue to toil away in what we all hope will be a successful bid to avert a worst case nuclear meltdown, even while thousands of Japanese remain missing and unaccounted for, financial market…
U.S. is Exporting Inflation
Rising agricultural produce prices helped boost U.S. export prices, while oil boosted import prices. Exports were +8.6% and imports +6.9%.