A student emailed in and asked:
Hey Michael - I was just curious, why did the $DXY take such a dive yesterday? I’m still trying to keep straight what moves with/leads/follows what.
The $DXY is the dollar index. Basically, an average price of the dollar versus many major currencies, not just the euro, pound, [...]
Archive for the ‘China’ Category
What’s up with the buck??
Posted in China, Euro, Fed, U.S. dollar, tagged $dxy, alan greenspan, bonds, China, chinese, credit crisis, dollar, dollar going up in smoke ..., dollar index, eur, Euro, Fed, forex, george soros, lacker, usd, volatility on November 7, 2007 | No Comments »
Everything you need to know about the G7 meeting
Posted in China, Euro, G7, U.S. dollar, tagged China, dollar, eur, Euro, G7, usd on October 22, 2007 | No Comments »
I’m going to make this real easy: forget the G7 meeting and brace yourselves, it’s all about what U.S. stocks started on Friday (well, days before that but things really heated up Friday).
But in case you’re still worried, here’s what happened over the weekend when financial officials for the G7 nations met:
China was put on [...]
China muscles into forex
Posted in China, U.S. dollar, tagged China, dollar on September 30, 2007 | 3 Comments »
Check this out from China Economic Net:
China Investment Corporate Ltd. (CIC), the country’s long-awaited state forex investment company set up to make better use of its huge foreign exchange reserve, was inaugurated on Saturday.
The CIC, with a registered capital of 200 billion U.S. dollars, is a solely state-owned company, according to the company sources.
The [...]
Tune in to Thursday’s audio commentary
Posted in Audio commentary, British pound, China, tagged Audio commentary, bank of england, China, forex, gbp, pound on January 10, 2008 | No Comments »
Today in the daily audio FX we break down the essentials of the Bank geeks testimonies to tradeable action and information. We discuss the intermarket relationships of pumping liquidity into the U.S. markets, did the BOE really hold rates - do you need more reason to short the GBP? China [...]
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