After years of exhorting China to increase the value of its yuan, the currency is finally rising. Why that’s so is the result of the Fed’s quantitative easing program. Here’s how Bernanke managed to succeed where political wran…
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 …
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…
The dollar is looking mighty attractive, thanks to a reviving U.S. economy and eurozone woes, and it will only get stronger as traders who gambled that it would fall buy dollars to unwind their bad bets. Add in China’s desperat…
China’s decision to hike interest rates to contain inflation is a missed opportunity to move the country toward a more domestic-oriented economy. A higher yuan would slow exports, but it would be a bigger overall benefit to Chi…