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"yuan" tag
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The Yuan’s Reserve Status

There is nothing quite like a falling dollar to spur take of the erosion of the greenback’s reserve status. There has been talk for several months that China is preparing in yuan-denominated oil contract (with...

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Dollar Stabilizes, but Sees Little Recovery

The US dollar is stabilizing but the tone remains fragile. The euro, which has advanced for five consecutive sessions coming into today is slightly lower. The euro had stalled yesterday as it approached last year’s...

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Dollar Marks Time

The US dollar has largely been confined to yesterday’s trading ranges against the major currencies amid light news. The North American session does not hold much hope for fresh impetus. The US reports October existing...

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Dollar Losses Accelerate, Adjustment not Over

The US dollar had one of its worst weeks of the year, as its interest rate support eroded. Despite prospects for a further upward revision in Q2 US GDP above 3.0% and continued above trend...

china-yuan-renminbi-marketexpress-in

Yuan Devaluation Triggers Exodus of Wealthy Chinese, US West Coast Primary Target

The systematically depreciating yuan and the house price bubbles in Chinese cities have made the elite nervous. Capital flight has become a priority. Dodging government limits on capital flight has turned into an art. And buying properties...

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Dollar Slips Broadly but not Deeply

The US dollar’s upside momentum eased yesterday in North America, and follow-through selling was seen in Asia and the European morning. The dollar is lower against nearly all the major and emerging market currencies. The...

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The Yuan and Market Forces: Declaratory and Operational Policy

The Wall Street Journal is reporting that minutes of a meeting in China two months ago reveal that officials there have abandoned their commitment to give market forces greater sway in setting the yuan’s exchange...

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Betting against China’s currency

There are increasing signs of an economic slowdown in China, with pundits wondering whether this may prompt the government to let the national currency drop even further. Big hedge funds are already placing bets on...

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Yuan becomes IMF reserve currency

China’s currency has received a major status upgrade after the IMF agreed to include it in an elite basket of currencies. The decision marks a coming of age for the world’s second-biggest economy. Officially it’s...

rise of yuan-MarketExpress-in

Prospects of Yuan becoming a Global Reserve Currency

China is the second biggest economy of the world and is ready to surpass US by 2016. With such a large population and high growth rate, it won’t be surprising to see China becoming larger...

dollar-yuan-marketexpress-in

World Holds Breath, Waits for “ Death of the Dollar “

I’ve been asked many times about the impending “death of the dollar.” I know some folks who expect the dang thing to die. They’re already envisioning the spectacle. An entire industry has sprung up to prepare...

rise of yuan-MarketExpress-in

Sieren’s China: The rapid rise of the yuan

The US dollar as the world’s top reserve currency was never going to be replaced from one day to the next. But it might happen sooner than many would have expected. Largely unnoticed, the yuan...