Post Tagged with: "Yuan"
Employment continues to bedevil the US
There was plenty to like in Friday’s February employment figures out of the US: 1) Private payrolls rose by 222K in the month, almost exactly matching the ADP outcome and consistent with the monthly growth regularly seen through 2006 and 2007 before the GFC; 2) The unemployment rate fell another notch, to 8.9%, down from
Europe Losing the Currency War
The “currency war” is raging with countries intervening in the forex markets, devaluing their currencies and pausing on necessary rate hikes. Europe seems unable to deal with China and the rest of the world. The Euro is on the rise and this will eventually hurt the European economies. The big problem is China that maintains
Commodity Currency Break Out After Chinese Move
The Chinese announcement rocks the markets at the beginning of the week. Commodity currencies are enjoying risk appetite, while European currencies are only experiencing small gains against the dollar. Updates about the breakouts in the loonie, Aussie and kiwi. While there are still doubts about the depth of the Chinese move, the yuan already began
Forex Articles For The Weekend – April 11 2009
Here are some interesting forex-related reads that I found on my regular blogs / sites that I read. Kathy Lien explains about seasonality in USD/CAD. Market Skeptics details about the IMFs Special Drawing Rights (SDR). Forex blog discusses how the Chinese Yuan vies for a Reserve Status, and this impacts other currencies. Macro Man talks