Unexpectedly strong non-farm payroll data boosted the dollar, despite the cold winter across much of the United States.» Read More
After years of trying, Congress is taking another stab at retaliating against what many see as Chinese manipulation of its currency to make its exports to the United States cheaper and U.S. goods more expensive in China.
The Chinese renminbi was a more popular currency for company bond sales than the euro for the first time in the third quarter, underlining the debilitating effect of the eurozone’s sovereign debt crisis, while China has nurtured its own, potentially huge bond market. The Financial Times reports.
EUR - USD spread shall continue towards $1.29 by year end and will fall further in Q1 2012 to $1.18, says Ashraf Laidi, CEO at Intermarket Strategy.
As impossible it might sound at this point in time, China is all set to do what the US has been wanting for the last 18 months – appreciate the Yuan.
Erwin Sanft, deputy head of Asian Equities Research at BNP Paribas, predicts that Q3 economic and corporate data in China is unlikely to be positive. He advises investors to have exposure to discretionary consumer area as it's positively influenced by inflation.
Weighing in on what China can do to support a large portion of its export demand, with John Rutledge, Rutledge Capital chairman.
Sean King, vice president of Park Strategies, describes current U.S. China relationship as honest and says that there is still a possibility for Taiwan to get the new F-16 jets it has requested.
Kelvin Lau, senior economist at Standard Chartered, sees bright spots in the CNH market and says dim sum bonds and options in this space are especially resilient given the current weak macro conditions. He expects the CNY appreciating about 5-6% at an annualised pace.
Viktor Hjort, executive director at Morgan Stanley, talks about the latest developments in Europe and U.S. rounding up with forecast on foreign exchange markets.
The undervalued yuan gives China an "unfair advantage", Gary Locke, US ambassador to China, told CNBC.
Three years after the outbreak of the global financial crisis, and despite trillions of dollars of monetary and fiscal stimulus, policymakers and leaders seem to be suggesting they are willing to look at bigger steps to solve global economic imbalances and kick-start growth.
Premier Wen Jiabao on Wednesday offered to help Europe. But, in an unprecedented move for China, he linked the offer to a potentially onerous demand: that Europe renounce its main legal defense against low-priced Chinese exports. The NYT reports.
Below the surface, there are structural problems that need to be recognized. We carefully assess these trends as we make investment decisions.
China has been driving the global recovery, but what happens when the country closes the ATM, with Jim Chanos, Kynikos Associates president and founder; Daniel J. Arbess, Perella Weinberg Partners; and moderator, CNBC's Melissa Lee.
Weighing in on whether there is an actual bubble in China or an over-heated market, with James Chanos, Kynikos Associates president/founder, who adds there is a lot of fraud happening in the country.
A senior advisor to the People’s Bank of China, Li Daokui, said Wednesday China’s currency will be fully convertible in the next 5 years as long as there is no major shock to the economy.
China continues to post some of the fastest rates of growth in the world. But even that may not be enough to prevent the world’s second-largest economy from running into trouble.
Beijing is likely to face international pressure to allow its currency to appreciate faster as national trade with other countries remains robust. The FT reports.
The Swiss central bank's decision to set a limit on how much the Swiss franc can appreciate against the euro is "a huge mistake," investor Jim Rogers, chairman of Rogers Holdings, told CNBC.com on Wednesday.
China needs to float its currency in order to minimize financial imbalances that can cause another global recession, Australian Treasurer and Deputy Prime Minister Wayne Swan told CNBC on Tuesday.