The euro traded at five-week highs against the dollar early in Asia on Friday, having powered higher overnight after the European Central Bank gave no fresh indication that it would ease policy anytime soon.» Read More
China is to blame for the currency tensions as the cheap yuan is contributing to global trade imbalances, says Nobel prize-winning economist Paul Krugman.
Europe's sovereign debt crisis isn't over and will continue to spread, first to Japan and then to the U.S., warned renowned Harvard University professor, Niall Ferguson.
Throwing money at a country in debt will not solve its problems if consumers refuse to spend, said Stephen Roach, non-executive chairman at Morgan Stanley Asia, on why a second round of quantitative easing (QE) from the U.S. Federal Reserve will not work.
Rising tensions amid an escalating global currency war has sparked talk of capital controls, but such a move would be dire for markets, warned Mark Mobius, executive chairman of Templeton Emerging Markets Group on CNBC Friday.
US Treasury Secretary Timothy Geithner will call on emerging nations to show more flexibility on currencies in exchange for a greater say in international financial institutions, a Treasury official told CNBC Wednesday.
The head of the International Monetary Fund has warned that governments are risking a currency war if they try to use exchange rates to solve domestic problems, reports the Financial Times.
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China is absolutely right in resisting calls from the U.S. to revalue its yuan, said Andrew Freris, senior investment strategist, Asia at BNP Paribas Wealth Management, noting that this is a "very U.S. dollar-centric" world.
The global economy will suffer a "couple of financial crises over the next 10 years" as financial reforms are not going in the right direction and not enough is being done, warned Nouriel Roubini, chairman at Roubini Global Economics.
The poultry tariffs are another example of China’s willingness to use its economic leverage when it feels it is being challenged. The NYT reports.
I have caught myself sounding like a broken record recently, listing all the records that we are setting in the markets.
The United States government has singled out the Yuan's exchange rate as a troublesome issue, demanding appreciation to help improve the Sino-U.S. bilateral trade imbalance. With the multiple domestic economic problems facing America, many are seeing this as a ploy to help resolve them through this medium.
China's yuan may actually depreciate instead of strengthen as a speculative bubble in Chinese real estate bursts, according to Jim Chanos, a noted China bear and founder of the hedge fund Kynikos Associates.
Treasury Secretary Timothy F. Geithner, in separate hearings before House and Senate panels, plans to acknowledge on Thursday that China has kept the value of its currency, the renminbi, artificially low to help its exports and has largely failed to improve the situation as it promised to do in June.
The Chinese currency has had a big move since the beginning of September. The renminbi or yuan has appreciated over 550 points moving from 6.8175 down to 6.7618. This is a larger move than what happened in June when the Chinese pledged to allow the currency to reflect economic fundamentals. Why is this occurring?
The Chinese yuan is likely to appreciate more than most people expect, Jim Rickards, senior managing director at Omnis Market Intelligence, told CNBC Wednesday.
The US administration's decision not to name China a currency manipulator is the right one, Stephen Roach, non-executive chairman for Asia at Morgan Stanley told CNBC Friday.
China's soaring labor costs, a stronger currency and rising housing prices threaten to increase the cost of making electronics. The New York Times reports.
If you want to see the first indication of how your second half stock investments are going to do, check these China numbers out tonight.
The only conclusion one can draw by reading NYT columnist Paul Krugman is that he is anti-economic and anti-job growth. No country has ever trade-sanctioned its way to prosperity.