Newsbreak 7 months ago in Around The World, Beijing, Bonds, China, China Markets, Chinese debt, dollar vs. yuan, Dollars, foreign investors, Markets, MI Exclusive, Yuan 0 Category: dollar vs. yuan
Investors dump Chinese bonds for an 8th consecutive month – the longest slump on record
Newsbreak 7 months ago in Around The World, Beijing, Bonds, China, China Markets, Chinese debt, dollar vs. yuan, Dollars, foreign investors, Markets, MI Exclusive, Yuan 0 Chinese President Xi Jinping. Diego Opatowski/Getty Images Traders shed China’s onshore bonds for the eighth consecutive month, marking the longest slump on record, based on Bloomberg. Global traders dumped 70.7 billion yuan, or about $9.7 billion, value of Chinese bonds, per the report. The yuan not too long ago dropped to its weakest mark since 2008, which has made holding Chinese belongings much less enticing. …
Here’s why the US dollar may be closer to a peak than markets think, even as inflation rages and the...
A money changer counts U.S. dollar bills at a currency exchange office in central Istanbul April 15, 2015. REUTERS/Murad Sezer The dollar may be closer to peaking than markets think, Goldman Sachs said in a note. The bank pointed to previous periods of high inflation in the 70s and 80s, which saw the dollar peaking before a growth bottom. “Those parallels suggest it may not…