The dollar rallied against the yen after stronger-than-expected jobs data stoked expectations the Fed may start reducing bond buying sooner than expected.» Read More
Here’s another solution that involves neither erecting trade barriers nor asking the Chinese to revalue their currency: cut US corporate taxes.
The announcement by Beijing that President Hu Jintao will be visiting Washington in two weeks is being seen as the beginning of a possible easing of the friction over the renminbi.
Buy the Chinese yuan if you can, as the currency's value will surge over time, said Jim Rogers, Chairman of Rogers Holdings.
A senior Chinese official said on Thursday that China would not bow to pressure from the United States to revalue its currency, which President Obama says is kept at an artificially low level to give China an unfair advantage in selling its exports.
China is unlikely to allow its currency to appreciate, at least not before the first half of 2010, Stephen Roach, chairman of Asian division at Morgan Stanley, told CNBC on Wednesday.
China's tightening is a necessary policy action, Nouriel Roubini, chairman at Roubini Global Economics, told CNBC on Thursday, warning that some of the stimulus measures used by China were excessive, showing the beginning of an overheated economy.
The dollar stands secure as the anchor of China's mammoth foreign exchange reserves, even as Beijing seeks to diversify its investments across different currencies and assets, the forex reserve regulator said on Friday.
Federal Reserve officials on Thursday downplayed the consequences of the falling U.S. dollar, underscoring that deflation is still a threat. So how should investors guard their portfoliost? Jim Rickards, senior managing director of market intelligence at Omnis, shared his insights.
Masters’ Select International Fund, rated 5 stars by Morningstar, achieved 35.69 percent return so far this year with about $1.3 billion assets under management. Jeremy Degroot, portfolio manager of the fund, shared his best stock picks with CNBC.
The appreciation of the yuan is more a question of when than if, making Chinese stocks and currencies an excellent place to invest, said Jeff Papp, senior analyst for the China Opportunities Strategy at Oberweis Asset Management.
When President Obama visits China for the first time on Sunday, he will, in many ways, be assuming the role of profligate spender coming to pay his respects to his banker, the New York Times reports.
The US is not going to actively intervene to support the US dollar, but merely try to shape it's domestic policies to ensure a strong dollar. A free floating currency acts as a stabilizer to an economy.
A stronger Chinese currency, which the nation's government indicated could happen in the months ahead, would come at an ideal time for US markets.
The Chinese authorities won't allow the yuan to appreciate over the next year or so, said David Roche, global strategist at Independent Strategy Ltd.
China has had recurring periods of greatness and recurring periods of disaster and now is the time to be in China, Jim Rogers, chairman of Rogers Holdings, told CNBC as China celebrates 60 years of communist rule.
With all the talk of the United States in decline (and China on the upswing) there's one inescapable fact that often gets lost in the debate — China and the U.S. are dependent on each other and if either country flounders, there will be a dramatic negative effects on both economies.
Say the name Jim Rogers, and these thoughts might come to mind — billionaire, China, author, adventure capitalist, George Soros' one-time partner, investment guru, man in bow tie ... but how about father?
Jim Iuorio, director at TJM Institutional Services, and Bryan Piskorowski, managing director at Wachovia Securities, weighed in on the best places to invest now.
Global stocks rose Wednesday as investors grew more optimistic about the global economy recovering. But experts interviewed on CNBC remain torn about whether this is a bear-market rally or a new bull market.
The banking sector was one of the few sectors in the red Tuesday as investors remained cautious on the health of the system. Experts tell CNBC how to invest during the uncertainty.