China’s economy is booming, and Western nations are increasing their demands that its currency be allowed to rise to its natural value. Who knows if that will happen, but if you want to bet that it will, the Bank of China just …
China’s foreign-exchange reserves jumped by a record 7.5% during the fourth quarter, increasing concerns over the country’s inflation, The New York Times reported Tuesday.
Continue reading China’s Record Foreig…
They’re gearing up for a potentially damaging round of currency interventions to help keep their economies competitive, especially against China. Says Brazilian Finance Minister Guido Mantega: “This is a currency war that is tu…
Analysts lately have loudly proclaimed the end of the dollar, leaving investors looking to stay ahead with a choice of betting on stocks, which have 17% fallen in the last decade, or staying “safe” in very low-yield money marke…
The Chinese yuan hit a post-revaluation high against the dollar Monday after the People’s Bank of China set the yuan’s reference rate for trading at its highest level since the central bank began publishing the daily fix in 199…