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Some See the Hand of China in Recent Yen, Euro Rallies
WSJ ^
| 08/07/10
| TOM LAURICELLA And ALEX FRANGOS
Posted on 08/08/2010 6:05:45 AM PDT by TigerLikesRooster
Some See the Hand of China in Recent Yen, Euro Rallies
By TOM LAURICELLA And ALEX FRANGOS
After a big surge through the first five months of the year, the dollar has slumped against the euro and yen, with many traders pointing to softer U.S. economic growth and stabilization in Europe as the catalyst.
In currency markets, the buzz among traders is that there is another factor at work, too: China.
In recent months, traders believe, China has stepped up its buying of yen- and euro-based investments. This is likely because it is trying to diversify its $2.5 trillion of currency reserves away from holdings of U.S. Treasurys, some analysts say.
Perhaps not coincidently, some say, such a move would have the effect of pushing up the currencies of economic competitors, helping to keep Chinese exports priced competitively in the world markets.
(Excerpt) Read more at online.wsj.com ...
TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: china; euro; lowinterest; yen
To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...
2
posted on
08/08/2010 6:06:20 AM PDT
by
TigerLikesRooster
(The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
To: TigerLikesRooster
Seems like the only person left in the world who still believes the US economy is on the right track is Paul Krugman The Nobel Laureate...
3
posted on
08/08/2010 6:12:47 AM PDT
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: TigerLikesRooster
Wow. You know its getting bad when you can't even fool the Chinese...
4
posted on
08/08/2010 6:13:31 AM PDT
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: TigerLikesRooster
So, the Chicaps are stabilizing the world markets for debt and currency by carefully exerting and releasing pressure to maximize their own well being.
The capitalists in China are regulating the indiscreet actions of the socialists in America and Europe
It makes you :) at the irony
5
posted on
08/08/2010 6:24:01 AM PDT
by
bert
(K.E. N.P. N.C. +12 ..... Greetings Jacques. The revolution is coming)
To: TigerLikesRooster
Just trading in those soon-to-be-worthless pictures of dead presidents for something that has value.
6
posted on
08/08/2010 6:52:32 AM PDT
by
jiggyboy
(Ten per cent of poll respondents are either lying or insane)
To: jiggyboy
This means things will go hot(militarily) in Mid-East and E. Asia. We are fast approaching the time where crises will be no longer confined to financial markets.
7
posted on
08/08/2010 6:59:50 AM PDT
by
TigerLikesRooster
(The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
To: bert
...the Chicaps are stabilizing the world markets for debt and currency by carefully exerting and releasing pressure to maximize their own well being. The capitalists in China are regulating the indiscreet actions of the socialists in America and Europe It makes you :) at the irony It'd be easier to smile if we weren't the fools in your accurate description...
8
posted on
08/08/2010 10:07:31 AM PDT
by
GOPJ
(Asked for ZIP? Give 82224 - Lost Springs,Wy - most sparsely populated in country. Freeper:SamAdams)
To: TigerLikesRooster
Yes unfortunately the U.S might well start multiple wars to get out of debt.
To: jiggyboy
Just trading in those soon-to-be-worthless pictures of dead presidents for something that has value.
The Euro and the Yen? Seriously?
10
posted on
08/11/2010 4:00:53 AM PDT
by
Kozak
(USA 7/4/1776 to 1/20/2009 Reqiescat in Pace)
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