Will Obama Increase Pressure on China Regarding the Yuan?
January 23, 2009 by admin · Leave a Comment
Chinese could see more pressure for yuan appreciationAmong the mumblings that circulate in Washington about foreign currency exchange is the regular lament that China is a currency manipulator. Although this is said quietly, and any real pressure on the Chinese to allow yuan appreciation is rarely brought to bear.But will that change with the Barack [...]
Obama’s New Strategy on China is USD Negative
January 23, 2009 by admin · Leave a Comment
The US dollar and the Japanese Yen, the two lowest yielding G10 currencies continue to be the two best performing. It is important to remember that the dollar and the Yen are not rallying because investors have grown more optimistic about those currencies but because they are more pessimistic about the outlook for the US [...]
Gold price closes sharply higher in Hong Kong (People’s Daily)
January 22, 2009 by admin · Leave a Comment
Gold price surged 233 HK dollars to close at 7,888 HK dollars per tael in Hong Kong on Wednesday, according to the Bank of China (Hong Kong). The price is equivalent to 854.25 U.S. dollars a troy ounce, up 25.26 U.S. dollars at Wednesday’s exchange rate of one U.S. dollar against 7.751 HK dollars. &$ [...]