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Tag Archives: yuan
The Chinese Yuan Is Collapsing
The Yuan has weakened over 250 pips in early China trading. Trading at almost 6.22, we are now deeply into the significant-loss-realizing region of the world’s carry-traders and Chinese over-hedgers. Morgan Stanley estimates a minimum $4.8bn loss for each 100 pip move. However, the bigger … Continue reading
China Currency Plunges Most In Over 5 Years, Biggest Weekly Loss Ever: Yuan Carry Traders Crushed
And just like that the Chinese yuan devaluation has shifted away from the merely “orderly.” In the past few hours of trading, China, which as we reported two days ago has started intervening aggressively in the Yuan market (for the … Continue reading
And So It Starts: the End of the Dollar
China Fires Shot Across Petrodollar Bow: Shanghai Futures Exchange May Price Crude Oil Futures In Yuan With the US shale revolution set to make America the largest exporter of crude, however briefly, the influence of Saudi oil is rapidly declining. … Continue reading
China Reported Planning To Back The Yuan With Gold
Recent media reports suggest that Beijing is considering backing the yuan with gold. This decision, if taken, will likely affect China’s economy and may trigger a new wave of the global economic crisis. For Russia, however, such a scenario may … Continue reading
Yuan World Order
The pieces are falling into place quickly. There are three ways to take down the United States: 1. Replace the US Dollar as the world’s reserve currency. This stops the Federal Reserve’s control of the Treasury’s printing presses. 2. Overthrow … Continue reading
China, China, Everywhere; But Not A Drop Of QE To Drink
With this evening’s news that Japan and the USA are ‘backing down’ from a planned ‘joint security drill’ to recapture a remote ‘uninhabited’ island in Okinawa province (apparently amid concerns of backlash from Beijing); and chatter of the PBoC gauging demand for reverse repos (instead of … Continue reading
The People’s Bank of China will benefit Russian banks, trading on the MICEX yuan-RTS
It would appear that Russia and China are expediting their currency transfer from the US dollar to their own currencies. Once the USD is replaced with an international “basket” of currencies and commodities (gold), the printing presses at the Treasury … Continue reading