A bit of buzz out there about a revaluation of the yuan. Not many are talking about it yet, but it could happen this weekend.
As I cautioned, China make another anti-inflationary move over the weekend after last week’s terrible price and lending data.
Even as Beijing works to tighten the money supply, Chinese banks are still lending at a robust pace and feeding inflationary forces.
The March import/export numbers came in from Beijing over the weekend and the headlines probably made Tim Geithner and the administration smile.
The People’s Bank of China just raised commercial banks’ benchmark deposit and lending rates by 25 basis points. Expect more targeted moves like this from Beijing.
The latest banking reserve requirements hike coming out of Beijing may seem strange to some in terms of timing — when global currency markets are reeling — but not really.
For the last couple of months, the whisper numbers ahead of Chinese CPI releases were dead on. This time, not so much.
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Guggenheim, the Chicagoland ETF issuer that has been a pioneer in the target maturity date bond ETF space, may have plans to take its fixed income lineup international. The company recently
Keith Fitz-Gerald: When the state-owned Bank of China Ltd. (BOC) recently announced that it would begin allowing U.S.-based customers to trade the Chinese yuan here, it represented the biggest step
For most of 2010, the large majority of assets in the Active ETF space were to be found in currency funds, all of which are run by WisdomTree Investments. As the chart below shows, as of July 31,
Beijing has boosted the amount of money banks need to keep in reserve in order to get lending under control. This was a surprise to no one, but there is still a trade here.
Even though higher interest rates will ultimately support the underlying Chinese economy, Shanghai stocks are not greeting the measure with much enthusiasm.
Investment Strategy: (NYSE:CCX) is an actively-managed ETF that seeks to achieve returns reflective of money market rates in selected commodity-producing countries and changes to the
As the markets “melt up” into the Christmas and New Year holidays, corporate news flow overseas is providing a steady (if muted) drumbeat for the traders still watching their global screens.