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Search results “Us dollars and chinese yuan exchange rate” for the 2011
Word of the Day: Currency Peg
 
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Watch more Capital Account @ http://www.youtube.com/CapitalAccount http://twitter.com/laurenlyster http://twitter.com/coveringdelta A currency peg, otherwise referred to as a fixed exchange rate, is a type of exchange system wherein a currency's value is matched to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold. The most readily well-known "currency manipulator" is China, which pegs the yuan to the us dollar. Their's is a flexible peg, but a peg nonetheless, and we look at this during our word of the day, as well as the case of Argentina. These are two very different types of currency pegs. In the case of the yuan, China artificially undervalues their currency relative to the dollar, in an effort to cheapen their exports and drive growth with sales to the US and other countries. This is an export led growth model, facilitated by a cheap currency. The people's bank of china achieves this buy regularly going out into the open market and buying us dollars in return of chinese yuan. This helps to push down the value of the yuan relative to the dollar, cheapening the chinese currency, but also causing inflation domestically because china has to print all this extra money in order to soak up the USD it buys. When a country like china loosens it's peg, its currency will naturally rise. In the case of Argentina, the central bank in that country was keeping its currency artificially high relative to the USD. When Argentina headed into depression during the early 2000's it became increasingly difficult for the country to maintain the peg, because in the case of countries that are artificially increasing the value of their currency, the national central bank had to intervene in the market by selling foreign exchange reserve in return for pesos. This had its limits, since the Argentinian central bank only had so many reserves to sell. The advantage of having a strong and stable currency, as was the case in Argentina throughout the 90's is that it attracts a lot of foreign capital. However, when times get tough, a lot of that capital can leave and then you can find yourself bankrupt very quickly.
Views: 10126 RT America
China's Currency Policy
 
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Kenneth Lieberthal: China and the U.S. are two of the world's most important economies and it's in their mutual interest that they find a solution for the complex and critical currency problem. More: http://goo.gl/7auxT
Views: 4995 Brookings Institution
Will the RMB Match the US Dollar?
 
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Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews This is the first time third quarter Chinese currency trade settlement amounts took a down turn. Although this news is somewhat unexpected, it is still reasonable. Data shows that behind the Chinese currency RMB trade settlement's development lays rampant arbitrage in mainland companies, with foreign companies being less involved. Expert analysts believe that it is impossible for the RMB to match the U.S. dollar over the next five to 10 years. U.S.-China Economic and Security Review Commission (USCC) warns in a November report that the RMB could threaten the U.S. dollar's dominance in five to 10 years. Xie Tian, a professor at the Aiken School of Business of the University of South Carolina, said that the U.S. often warns itself. The USCC reminds U.S. policymakers from the worst angle, that is, their assumptions are based on two things: China sustaining a 10 percent annual growth rate and some of its own calculated guesses being calculated right. Xie Tian: "If the RMB could threaten the U.S. dollar, firstly, the RMB must be a freely circulating currency, if not, no one will want it as a reserve currency; secondly, no one is willing to accept a currency that is manipulated by a government. If the CCP regime can easily control and change the exchange rate, why is it necessary for other countries to put their national wealth in the hands of another country?" The People's Bank of China recently reported that the 3rd quarter of total cross-border trade in RMB has dropped slightly, which is the first decline since June 2009, when China launched related test projects. The U.K.'s Financial Times first reported in January that the main reason for the RMB trade settlement boom is that mainland companies are trading with their Hong Kong subsidiary companies, attempting to arbitrage between the two markets. Bankers said that third-quarter arbitrage activity has decreased, leading to a decrease in RMB trade settlement. According to data from Swift, a global payment system, 80% of cross-border RMB payments relate to Hong Kong. During RMB cross-border payment transactions, only 8% is the "real publicised," figure, meaning, the bulk of trade transactions are from the mainland and outside of Hong Kong. According to Xie Tian's analysis, China's real outsider small RMB settlements are mainly from Vietnam and Russia and some other small border transactions. Xie Tian: "Because China's financial market is facing great pressure, one is the internationalization push; another one is that the capital flight out of China, and the fact that there are no major multinational companies using the RMB in trade, except Russia and Vietnam. The RMB cannot become the international currency of choice in one or two years." An executive from one of the world's largest banks said that at the moment there are almost no multinational companies trading in the RMB. He said that foreign companies make use of U.S. dollars, and shun the RMB due to its complexity. Xie Tian believes that China's economy is possibly out of control and will face a serious crises in five years. Thus, the target of having the RMB replace the U.S. dollar as the world reserve currency moves further and further away. The USCC also reported that the Chinese Communist Party (CCP) is continuing to intervene in China's domestic economy, They provide subsidies and protection to state-owned companies, they force foreign investors to transfer their technology to China, and only open up government procurement to national enterprises. The CCP still controls the flow of a large amount of cross-border capital. Meanwhile, it continues to intervene in currency markets in order to hold down the RMB exchange rate. In Washington, the RMB issue has once again become the most important political issue on the U.S. government's agenda. In October, the U.S. Senate passed a bill allowing the United States to underestimate the margin of exchange rate according to estimation, in order to impose retaliatory tariffs on China's export production to the United States. President Obama's administration officials, including U.S. Trade Representative Ron Kirk and Commerce Secretary John Bryson, will be attending the U.S.-China Joint Commission on Commerce and Trade meeting this weekend. This is the main forum for the two governments to hold bilateral negotiations on related matters. NTD reporters Liu Hui and Wang Mingyu
Views: 455 ChinaForbiddenNews
Sharp increase of exchange rate of American Dollar and new regulation for travelers
 
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The state television report of a significant gap between the official exchange rate declared by the Central Bank and the free market . The new regulation of purchase of foreign currencies for the travelers abroad , do not allow people to buy foreign currencies with official rate more than once per year . The new regulation which took effect since Tuesday November 1, 2011 permitted unlimited purchase of currencies by travelers .
Views: 1649 Agaahi
China buys US bonds | Money, banking and central banks  | Finance & Capital Markets | Khan Academy
 
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China buys US Bonds. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/china-us-debt-situation/v/review-of-china-us-currency-situation?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/china-us-debt-situation/v/china-pegs-to-dollar-to-keep-trade-imbalance?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: This tutorial contains short videos that explain how China and the United States are intertwined through currency and debt. This is key for understanding the current global macro picture. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 64359 Khan Academy
US Dollar Exchange Rates
 
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http://www.ForexConspiracyReport.com - US Dollar Exchange Rates As the European debt crisis threatens to worsen US dollar exchange rates are going up. The dollar has historically been considered a safe haven currency, along with the Yen, Swiss franc, and the Euro. The Euro is in trouble because of the sovereign debts of several of its members, most especially Greece. Both Japanese and Swiss central banks are selling their currencies with the intent of keeping rates as manageable levels. The US is not attempting to sell dollars and manipulate the dollar's value so US dollar exchange rates are rising. The dollar owes part of its recent surge to increases in industrial production and construction, signs of economic improvement. But, much of the rise of US dollar exchange rates is due to the dollar being the best of a number of so-so choices. Traders expect to see the dollar rise a bit more and are jumping on board for short term profits. Investors fearing a second dip to the recession and a prolonged recovery phase are putting their money where they think it is safest, in US dollars and US treasuries. US dollar exchange rates rose of late in favor of the dollar in the EUR/USD, USD/CHF, and USD/YEN currency pairs. Higher US dollar exchange rates make foreign imports cheaper for US consumers. They also make US exports more expensive for the rest of the world. Japan, Taiwan, and now Mainland China have intentionally purchased US dollars as currency reserves over the years. Doing so has artificially lowered the value of their currencies and raised that to the US dollar. Doing so has helped these Asian nations grow to be major exporters to both North America and Europe. A continued rise in the dollar serves to help nations holding dollar reserves and serves to help all nations wishing to export to the USA. It is not clear how the European debt dilemma will work out or the effects a debt default might have on the EU or, for that matter, the world economy. However, investors as well as Forex traders are concerned and are plowing assets into the US dollar as well as US treasuries where demand at weekly auctions has driven interest rates to historic lows. In the last years the demise of the US dollar as the primary currency of foreign trade and foreign currency reserves has been called into question. However, reports of the death of the Greenback seem to have been premature. If the US economy continues to grow a slowing of the nation's ever increasing debt burden is possible or even a return to the last years of the Clinton administration when the US did not add to its debt and simply retired treasuries as they came due. It is possible to reduce the US public debt as seen by the example of the later Clinton years. It is also possible to see rising US dollar exchange rates as evidenced by the Forex markets of the world in the last days. Traders have done better investing in the dollar versus stocks, most commodities, and, especially, gold over the last month.
Views: 8371 ForexConspiracy
What Is the Value of a Swiss Franc in Dollars?
 
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http://www.theforexnittygritty.com - What is the value of a Swiss franc in US dollars? To find out what is the value of a Swiss franc in US dollars one only needs to go online and visit any of the free currency converters. As of this writing 1.00 CHF is equal to 1.03794 USD, that is to say that one Swiss franc is worth just under a dollar and four cents. In Forex trading the pair is referred to as the CHF/USD pair and is quoted as 96 cents to a Swiss franc. For the Forex trader the current exchange rate is not the issue. The future exchange rate is. What is the value of a Swiss franc in US dollars going to be next week, month, year, and decade? A decade, or even a year away, sounds extreme for the currency trader speculating in the foreign exchange market. Traders in Forex can be in and out of trades in minutes and even seconds. Day traders virtually always close their positions before the end of trading hours in their market. The issue is different for companies doing business internationally. Understanding the Forex markets requires an understanding of currency risk hedging by companies doing business internationally. A ship building contract or a contract for jumbo jets may be agreed upon and prices set in US dollars, Euros, Yen, Yuan or any other currency. The problem for a buyer of a ship from a builder in China or a jet from Boeing in the USA is that exchange rates change over time. The buyer may need to convert his currency to Yuan, Yen, US dollars, or Euros in order to pay the bill. If his currency falls in value he will need to pay more, in his currency, than he hoped in order to come up with enough to pay the bill. If it is the seller who needs to convert a foreign currency a fall in the value of payment currency will likewise hurt him. This is why companies doing business across borders and across currencies resort to Forex options in order to guarantee an exchange rate and eliminate currency risk in their businesses. What is the value of a Swiss franc in US dollars, or any other currency, is pertinent when the Swiss franc is half of a currency pair involved in foreign trade. Because of its stability how to trade Forex in Swiss francs tends to be to side with the franc as the likely currency to rise, but not always. The Swiss franc is a very stable and strong currency. As an example, it took over four francs to buy a dollar up until 1970 and by 2000 it only took 1.6 francs. Today the currency trades one to one with the dollar. What is the value of a Swiss franc in US dollars going to be tomorrow? Periodic recoveries of the dollar have driven the Swiss franc briefly downward. However, if the mountain of debt that the US is taking on to bail out financial institutions and stimulate the economy is any guide we may see the franc leave the dollar it is wake. What is the value of a Swiss franc in US dollars going to be in a few years may not be of direct interest to the daily currency trader but it is of vital interest to companies with multiyear contracts for international goods and services where one of the two currencies involved is the Swiss franc. Companies in Switzerland that come immediately to mind are Nestle, Roche pharmaceuticals, Ciba-Geigy, and Credit Suisse. Forex technical strategies will always apply to trading all currencies, including the Swiss franc. The fact of the matter is, however, that the Swiss studiously guard the value of the currency with sound fiscal discipline. Thus, the long term route of the franc is most likely upwards. http://www.youtube.com/watch?v=hc3y0mYs6ac
Views: 2995 ForexConspiracy
Exchange rate 04:  Impact on imports and exports .flv
 
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Impact of a change in the Rand/dollar exchange rate on imports and exports
Views: 23063 lostmy1
Review of China US currency situation
 
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Review of China US currency situation More free lessons at: http://www.khanacademy.org/video?v=DtlFQ_nNaQM
Views: 48284 Khan Academy
How Currency Choices 'Made in China' Have Big Impact on U.S. Economy
 
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Read the Transcript: http://to.pbs.org/eQWgHf Economics correspondent Paul Solman looks at the ongoing dispute between the U.S. and China over currency and trade. Amid its trade deficit with China, the U.S. wants to pressure the Chinese to let their currency, the renminbi, rise in value instead of pegging it to the dollar.
Views: 5348 PBS NewsHour
China Pegs to Dollar to Keep Trade Imbalance
 
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China Pegs to Dollar to Keep Trade Imbalance More free lessons at: http://www.khanacademy.org/video?v=uTlh861MtYk
Views: 42441 Khan Academy
Greenwood on Hong Kong Dollar Peg, Yuan, Europe Crisis
 
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Oct. 13 (Bloomberg) -- John Greenwood, chief economist at Invesco Asset Management and architect of Hong Kong's fixed-exchange-rate system, talks about the outlook for the local currency's peg to the U.S. dollar. Greenwood also discusses China's yuan policy and Europe's debt problems. He spoke yesterday with Bloomberg's Robyn Meredith. (Source: Bloomberg)
Views: 868 Bloomberg
Why undervaluing the RMB in China gives the country an advantage in foreign trade.
 
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Why undervaluing the RMB in China gives the country an advantage in foreign trade. First video, only had a terrible webcam.
Views: 753 ExplainedLY5
Currency Exchange | Buy Currency | Best Currency Exchange Rates
 
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For many of us we're also reminded of currency exchange whenever we should travel abroad. If you go to a place initially you must find out your prevalent currency and if you are carrying Euros and Dollars you will need to convert them to the local currency. Forex depends on the foreign exchange market so therefore fx rates are very different many different days and different places. pls visit this http://www.currencyshop.co.uk
Views: 104 MathewMeh
The Federal Reserve Buying Gold and Foreign Currency Affects the Forex Markets
 
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http://www.theforexnittygritty.com - The Federal Reserve buying gold and foreign currency can affect the Forex market in a number of ways. The Federal Reserve and the central banks of many nations routinely intervene in the Forex market in order to maintain the strength of a given currency or in order to hold its price down. The Federal Reserve buying gold and foreign currency can affect the US dollar or affect any currency the Fed chooses to buy with dollars. The Fed will, for example, choose to intervene in the currency markets in order to reduce the relative value of the dollar compared to the currencies of its trading partners. By selling dollars and buying gold or Yen, Euros, Swiss francs, or any other currency the value of the dollar tends to be reduced across the board. By buying Yen the price of Yen tends to go up in relation to the dollar. The same is true with Canadian dollars, Australian dollars, British Pounds, and the rest. How to trade Forex successfully will include having an understanding of how the Federal Reserve buying gold and foreign currency can affect the currency pair that one is trading. The Federal Reserve buying gold and foreign currency can affect US exports, imports, and the US balance of payments. That is, in fact, why the Fed will choose to intervene in the Forex markets. The value of the US dollar in relation to other currencies is only important so far as it affects issues such as how effectively US companies can export their products and compete with foreign imports. The Asian exporters, Japan, Taiwan, and China, especially, have acted for years to raise the value of the US dollar and keep their currency values low in comparison. This has made their products cheaper, and thus more attractive to US buyers. It has given them a competitive advantage and contributed greatly to their success as exporters. The problem for the USA and the value of the dollar lies in the economic success of the USA and the relative stability of its currency, economy, politics, and national borders. The US dollar is a safe haven currency. In times of world wide turmoil and instability people buy dollars. This is a tribute to the high standing of the dollar and tends to keep the dollar artificially high. For the trader, as an example, how to invest in Euro is to buy the day before the US Fed decides to buy a few billion Euros with dollars. The Federal Reserve buying gold and foreign currency can affect the artificial elevation of the value of the US dollar. When a big player, like the Fed or a large central bank, dumps a large amount of its currency in the Forex market there are immediately more sellers than buyers of the currency and will be until the price of the currency comes down to where every last offered dollar is purchased. The affect is to reduce the value of the dollar and raise the value of each and every currency which the Fed buys. The same applies to gold. Gold goes up when the US replenishes its gold reserves. How to trade Forex in these situations is to keep up with the Forex news and any announcements by the Fed. It is to anticipate when the Fed is likely to intervene. Then the trader needs to be able to anticipate just how well the sale of dollars will work in reducing the value of the dollar and just how soon it will rebound and trade accordingly.
Views: 8400 ForexConspiracy
Chinese Renminbi (Yuan) - coins
 
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The Chinese renminbi (sign: ¥; code: CNY) is the currency of the People's Republic of China (PRC), whose principal unit is the yuan. One Yuan is subdivided into 10 jiao, each of 10 fen . The renminbi is issued by the People's Bank of China, the monetary authority of the PRC.
Views: 3169 Stephen
Breaking News: China's Dollar Takeover & Currency Manipulation Senate Bill
 
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We've All been Proven Right! The so called "Conspiracy theorists" continue to be correct months and years ahead of mainstream media. China's President says: dollar-based international currency system is a "product of the past". News about China, US Dollar, Debt & a New Bill Introduced concerning China Currency Manipulation. Freedom Meister gives his opinions. Please visit our sponsor: http://www.WholesaleBullion.com Sources: http://english.aljazeera.net/news/asia-pacific/2011/01/20111171020882839.html http://www.ft.com/cms/s/0/ae01a8f6-21b7-11e0-9e3b-00144feab49a.html#axzz1BUjzTZa8 http://edition.cnn.com/2011/POLITICS/01/19/china.us.visit/index.html?eref=ft http://www.acus.org/natosource/
Views: 6166 FreedomMeister
Nigeria Diversifying Forex Reserves from Dollar to Yuan
 
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(www.abndigital.com) Nigeria's central bank is diversifying its foreign exchange reserves away from the U.S. dollar and will hold between 5 to 10 percent of them in Chinese yuan. ABN's Alishia Seckam speaks with central bank governor Lamido Sanusi.
Views: 287 CNBCAfrica
Yuan Bill, China diversifying treasury holdings, inflation in China & peg exchange rate
 
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Yuan Bill passes house of Senate in an attempt to put tariffs on Chinese imports. China diversifying treasury holdings after S & P downgrade US sovereign debt by buying into Japanese short term treasury. And how inflation in China is directly related to peg exchange rate between Yuan and dollar.
Views: 228 Richard Ye
ND Expert: Chinese Currency
 
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Jeffrey Bergstrand, finance professor and international trade expert at the University of Notre Dame, gives an overview of China's manipulation of its currency. Bergstrand says the Yuan exchange rate system plays a significant role in the large trade imbalance between the U.S. and China. http://newsinfo.nd.edu/for-the-media/nd-experts/faculty/jeffrey-bergstrand/
Exchange Rate Still in Focus
 
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Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews Next week U.S.-China strategic economic dialogue will be held in Washington D.C. and RMB exchange rate is still in the focus. Geithner, the U.S. Treasury Secretary hopes that RMB appreciation will accelerate. Scholars believe however, that the Chinese government will not let go of the RMB exchange rate. "US-China Strategic Economic Dialogue" led in its 3rd round by US Secretary of State and Geithner, and Chinese Vice Premier Wang Qishan, will work on issues of bilateral relations development. Geithner said recently that he would urge Chinese officials to implement a series of economic reforms, including introducing more flexible exchange rates driven by market forces, and improving U.S. companies investing environment. Geithner also said the focus of this talk will be the currency exchange rate of RMB to USD. RMB appreciation is good to curb China』s inflation, also it can prevent expanding of real estate bubble in China. Chinese leaders also recognize this. U.S. economist Ho Qinglian said RMB appreciation can only curb foreign exchange reserves, reducing domestic money deposited. Most likely it can inhibit the export, but effect on price increases is limited. Geithner acknowledged that since last June, China has allowed the rate of RMB to USD to increase by about 5%. U.S. congressmen and manufacturers believe RMB value was down by as much as 40%, making Chinese goods on markets very cheap. Huang Yiping, an economist in China's Macroeconomic Research Centre in Peking Univ. told Wall Street Journal that Chinese leaders still tightly control RMB appreciation with 0.5% a month on average. He believes that RMB could float freely with conditions letting the market determine its level. Central bankers agree with his views, but senior leaders are in control of the decisions. Why the Chinese Communist Party's (CCP) top levels do not free the exchange rate? Buddhist Hermitage, a politeconomy critic believes the fundamental issue is that only CCP and China out of all countries does not use free exchange rate in international trades, causing trade imbalances and disrupting global economic order. The Chinese government demands every penny earned overseas and then prints more money. The government thus owns a large foreign exchange reserve as a sovereign fund. Buddhist Hermitage said, "From this we know how China's foreign exchange system exists. China (CCP) is reluctant to free foreign exchange system, unwilling to let the people hold foreign exchange. CCP wants to use the money to maintain its rule, related to its fate. On foreign exchange rate China (CCP) is unwilling to compromise and tries to find ways to maintain its political power." Some people think RMB appreciation will greatly affect China's exports, so they go against it. Huang Yiping said that to make export enterprises have strong growth, one must learn to produce higher value-added products, or move production from the coastal area to mainland where wage level is lower. This is the approach to achieve continuous growth. NTD reporters Song Feng and Zhou Ping. 《神韵》2011世界巡演新亮点 http://www.ShenYunPerformingArts.org/
Views: 178 ChinaForbiddenNews
Foreign Currencies Fall
 
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http://www.ForexConspiracyReport.com - Foreign Currencies Fall Forex traders are watching foreign currencies fall versus the US Dollar - USD - as the European debt situation threatens to unravel. The threat of a new and steeper recession in the West, especially in the European Union is an economic threat to Asia's export driven economies. When times are uncertain currency traders seek safe havens. For all of its faults the US dollar continues to be the world's chief safe haven currency. Foreign currencies fall in Asia due to the collective dependence of these economies on trade with the West. Foreign currencies fall in Europe -- EURO, and Great Britain -- GBP, because of the seemingly endless sovereign debt dilemma that plagues these nations. Reduced tax revenues due to the ever so slow recovery from the recession have reduced the money available to pay the bill on national bonds in several nations. Most noticeable have been the so called P I I G S nations (Portugal, Ireland, Italy, Greece, and Spain). The worst situation has been in Greece where fiscal austerity measures meant to reduce national spending have not been sufficient to guarantee solvency despite loan guarantees by various lenders. When foreign currencies fall the US dollar rises. This makes US investments more valuable but reduces the competitiveness of US industries. As foreign currencies fall many central banks in Asia are buying their own currencies on the foreign exchange markets in attempts to prop up these currencies. The efforts seem to have been largely unsuccessful as the South Korean Won -- KRW, and Indian Rupee - INR, both fell nearly five percent in value. The Malaysian Ringgit - MYR dropped about three percent and in offshore trading the Chinese Yuan - CNY fell two percent against the dollar. Over the years Japan -- YEN, as well as China and other Asian nations have purchased US dollars and dollar denominated investments such as US Treasuries in order to keep their currencies artificially low and their exports economically competitive. However, the concern that the global economy will get worse and that the US will never really resolve the standoff on Capitol Hill regarding the extension of the debt ceiling or that the Europeans will not come to an effective and lasting solution to the national debts of Greece and Spain specifically leads traders to fear the second dip of the recent recession. If foreign currencies fall farther traders will take big losses so they are moving assets to the traditional safe haven, the US dollar. Although a stronger dollar is just what many nations who export to the USA want, traders are not interested in losing money on current trades and will move their assets to maintain capital and increase short term profits. As foreign currencies fall it presents a problem for companies doing business internationally. These companies will typically use currency options to hedge currency risk in such volatile markets. Companies buying goods from the USA and expecting to pay in US dollars will commonly buy calls on the USD with their own currency in order to lock in the current rate before their own currency falls farther in value.
Views: 611 ForexConspiracy
Foreign Currency Rates
 
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http://www.ForexConspiracyReport.com - Foreign Currency Rates Foreign currency rates have been volatile of late as the simmering European debt crisis threatens to send the Euro into another tailspin. European financial ministers are meeting, again, in an attempt to push through a financing package. News reports put the size of a comprehensive rescue package at around €2 Trillion. Voters in countries like Germany and France, which will pick up much of the tab for the bailout, are angry. People demonstrating, and sometimes rioting, in Greece are unhappy with what they believe are Draconian austerity measures demanded by lenders before they will forgive and refinance Greek debt. In the midst of this ongoing drama the US dollar rises as it is seen as the ultimate safe haven currency, despite the mammoth US debt. The Yen and the Swiss franc would be rising too if their respective central banks were not dumping their currencies on the market in successful attempts to contain a too rapid rise in these currencies. Neither Japan nor Switzerland wants to see their foreign currency rates rise too high for fear of damaging exports. The US dollar has benefited from a perception of risk throughout the world. It has also benefitted from the attractiveness of US treasury bills. Interest rates have dropped substantially making treasuries purchased a couple of months ago one of the best investment available. Anyone who turned their AUD, CAD, YEN, CHF, GBP, or EUR into USD a couple of months ago and bought treasuries before rates fell is very happy right now. The US Federal Reserve has promised to keep interest rates low so as not to stifle the slowed than preferred economic recovery. So long as everyone seems to want T bills those who purchased recently will be happy. However, as the recovery gains steam (a three percent global growth rate is predicted for next year) rates will go up and T bill holders will likely fear a rise in rates and want to sell. If foreign investors not only sell T bills but convert their USD back to AUD, CAD, YEN, CHF, GBP, or EUR the dollar could fall just as easily as it has risen of late. Foreign currency rates are determined by fundamentals and by market sentiment. Employment rates and balances of payment drive foreign currency rates. Traders watch the fundamentals in both countries in the currency pair that they trade. However, monetary policy of a nation also drives its foreign currency rates. Countries like Japan, Taiwan, South Korea, and China habitually hold reserves in US dollars. By purchasing more US dollars with their national currencies these nations hold down the values of their currencies. This is important for exporting nations as it allows them to sell to their overseas customers at more competitive prices. The down side of this policy is that these nations are accepting US dollars that are always artificially more valuable than fundamentals would dictate. When the US dollar drops in response to continued external pressure these nations see their currency reserves lose value. They are essentially paying a fee in discounted dollars to prop up their export driven economies. For more insights and useful information regarding the Forex markets and foreign currency trading, visit www.ForexConspiracyReport.com.
Views: 2132 ForexConspiracy
Reed Supporting Crack Down on Chinese Currency Manipulation
 
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"Free trade only works when it's fair," said U.S. Senator Jack Reed in a speech about the Currency Exchange Rate and Oversight Reform Act, S. 1619. "China is not playing by the rules, and U.S. workers are harmed as a result. China is by any measure keeping its currency artificially weak and engaging in trade practices that are harming the United States' economy."
Views: 252 SenJackReed
The Impact of Currency Manipulation
 
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Domenico Lombardi: While every nation wants to gain the greatest possible advantage for its exports, currency manipulation must not be allowed to distort global markets or interfere with fair trade across the planet. More: http://bit.ly/gt2OHV
Views: 2256 Brookings Institution
Chinese Currency Hits 17-Year High
 
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Chinese currency has reached its strongest level in 17 years as a result of an export-centric economic boom. Celia Hatton explains what that means for China and the rest of the world.
Views: 1546 CBS
RMB on EUR/USD, GBP/USD and ZAR
 
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In the latest Targets In Focus Currency Strategist at Rand Merchant Bank in South Africa, John Cairns, talks to Dukascopy TV on their predictions for the EUR/USD, GBP/USD and the ZAR.
Views: 121 Dukascopy TV (EN)
Mexican Currency Exchange Rates
 
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http://www.ForexConspiracyReport.com/ - Mexican Currency Exchange Rates Mexican currency exchange rates are no longer just a concern for tourists. Mexican currency exchange rates have become an issue for currency traders as the world of emerging market currencies collides with high tech trading. The Mexican peso is actively traded in the world of emerging market currencies. How to trade Forex today with the Peso, for some, is by arbitrage between the CME and the Mexican exchange MexDer. The Mexican exchange is increasing its bandwidth and level of connection with the CME in order to allow for this degree of trading in thousandths of a second. What attracts traders to Mexican currency exchange rates or those of the Thai baht, Indonesian rupiah, or Singapore dollar is their relative volatility. This volatility in emerging market currencies is that promises large profits. Trades need to remember that large volatility can also lead to large losses. In trading Mexican currency exchange rates the trader will follow the same sort of economic news, monetary policy, interest rates, and political factors that traders follow when trading all currency pairs. The North American Free Trade Agreement has slowly but surely increased prosperity and growth of the middle class in Northern Mexico and throughout the country. As prosperity goes in Mexico so will, likely, the health of the Peso. It has always been possible to trade the Peso versus the Dollar. However, the addition of emerging market currencies such as the Mexican Peso to the list of possible currencies to trade with high tech tools could be profitable for both institutional and independent traders. As trading volume of the Peso increases so will the accuracy of Forex technical strategies in trading Mexican currency exchange rates. Forex trading and the economic news is as important a relationship when trading Mexican currency rates as it is for trading the dollar. The Mexican central bank recently kept its key interest rate at 4.5% for the 22nd consecutive month which helped the Peso rise slightly against the dollar. Although the direction of the Peso may well be upwards over time as the Mexican economy strengthens it is not so much the long term view of the Peso that interests traders as the day by day fluctuations in the currency. With the advent of high tech trading of emerging market currencies such as the Mexican Peso there will be more profits to be made and more risk of loss for the trader. For the international business interested in trading across borders the ability to trade directly in emerging market currencies will be helpful. Currently many emerging market currencies only trade with the US dollar. Thus to convert a currency such as the Mexican Peso with the Thai baht is has historically only be possible by trading one with the dollar and then the dollar with the other. It is possible that with higher volume currency trading in emerging market currencies that it will be possible to trade one directly with another, which might serve to foster increased trade and prosperity as well as foster more interest in Mexican currency exchange rates.
Views: 712 ForexConspiracy
Mexican Currency Exchange Rates
 
03:38
Mexican currency exchange rates are no longer just a concern for tourists. Mexican currency exchange rates have become an issue for currency traders as the world of emerging market currencies collides with high tech trading. The Mexican peso is actively traded in the world of emerging market currencies. How to trade Forex today with the Peso, for some, is by arbitrage between the CME and the Mexican exchange MexDer. The Mexican exchange is increasing its bandwidth and level of connection with the CME in order to allow for this degree of trading in thousandths of a second. What attracts traders to Mexican currency exchange rates or those of the Thai baht, Indonesian rupiah, or Singapore dollar is their relative volatility. This volatility in emerging market currencies is that promises large profits. Trades need to remember that large volatility can also lead to large losses. In trading Mexican currency exchange rates the trader will follow the same sort of economic news, monetary policy, interest rates, and political factors that traders follow when trading all currency pairs. The North American Free Trade Agreement has slowly but surely increased prosperity and growth of the middle class in Northern Mexico and throughout the country. As prosperity goes in Mexico so will, likely, the health of the Peso. It has always been possible to trade the Peso versus the Dollar. However, the addition of emerging market currencies such as the Mexican Peso to the list of possible currencies to trade with high tech tools could be profitable for both institutional and independent traders. As trading volume of the Peso increases so will the accuracy of Forex technical strategies in trading Mexican currency exchange rates. Forex trading and the economic news is as important a relationship when trading Mexican currency rates as it is for trading the dollar. The Mexican central bank recently kept its key interest rate at 4.5% for the 22nd consecutive month which helped the Peso rise slightly against the dollar. Although the direction of the Peso may well be upwards over time as the Mexican economy strengthens it is not so much the long term view of the Peso that interests traders as the day by day fluctuations in the currency. With the advent of high tech trading of emerging market currencies such as the Mexican Peso there will be more profits to be made and more risk of loss for the trader. For the international business interested in trading across borders the ability to trade directly in emerging market currencies will be helpful. Currently many emerging market currencies only trade with the US dollar. Thus to convert a currency such as the Mexican Peso with the Thai baht is has historically only be possible by trading one with the dollar and then the dollar with the other. It is possible that with higher volume currency trading in emerging market currencies that it will be possible to trade one directly with another, which might serve to foster increased trade and prosperity as well as foster more interest in Mexican currency exchange rates.
Views: 1703 jcnetwealth
Senator Blumenthal speaking on Chinese Currency Manipulation
 
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10.5.2011 The Currency Exchange Rate Oversight Act of 2011, a bill aimed at curbing China's undervaluing of its currency which has unfairly skewed trade markets in their favor.
Views: 317 SenatorBlumenthal
Volatile Foreign Currency Rates
 
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http://www.TheForexNittyGritty.com - Volatile Foreign Currency Rates Volatile foreign currency rates are driving Forex traders to the US Dollar - USD. The US congress is back to having problems deciding if it will extend the debt ceiling and Europe is still dallying over a bailout of its struggling members' debts. Worrying about another dip to the recession the currencies of Asia's export driven economies are falling among generally volatile foreign currency rates. Versus the US Dollar the British Pound -- USD GBP, went down last week as did South Korea's Won -- USD KRW, the India Rupee -- USD INR, and the Chinese Yuan -- USD CNY. Currency speculators are betting on a continued rise of the US Dollar and the fall of most other currencies. Traders are consulting both fundamentals and Forex technical strategies in order to profit in today's volatile markets. There are two roots to this dilemma. One is the sovereign debt crisis in Europe and the other is the continually mounting US debt. Both situations have traders concerned. Traders for companies doing business internationally are especially concerned as currency risk is a major concern during times of volatile foreign currency rates. International businesses will typically buy currency options in order to hedge currency risk. Trading options on the falling Euro has been profitable for those who purchased puts on the Euro in the EUR USD currency pair. Shorting the Euro also worked but entailed a potentially higher risk. The reason is that in options trading the trader's risk is limited to the price of the options contract. If currency rates move contrary to expectation the trader can exit the contract at a loss or simply let the contract expire at a loss but that is the limit of his losses. A trader who shorts the Euro, for example, could be hurt if the Euro rebounds after a successful resolution of the EU sovereign debt dilemma. The other advantage of options trading is the leverage it offers traders. A trader need never own either currency. He only needs to buy an options contract and then execute the opposite trade in order to gain his profits when dealing with volatile foreign currency rates. Volatile foreign currency rates, upward for the dollar, make US assets more valuable. It also makes US products more expensive overseas. In general Asian exporters are interested in a strong dollar but speculators don't want to get caught in a market of volatile currency rates and falling Asian currencies. In the last week of so several currencies fell versus the dollar. The concern is that a renewed recession in Europe and possibly the USA will dry up the export market for these nations and directly affect their economies. As this situation demonstrates confidence in the dollar is a relative thing. The dollar has generally fallen against many currencies for years. This has led to more successful economies in these export-driven nations. It has also resulted in these nations holding a large amount of US debt. As interest rates fall with successively lower interest rates at Treasury note auctions anyone holding Treasuries has seen an appreciation of about 25% in their investment, a good reason to consider the dollar as a safe haven currency.
Views: 386 ForexConspiracy
Floating Exchange Effect on China
 
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Floating Exchange Effect on China More free lessons at: http://www.khanacademy.org/video?v=vrGNXAGmfCM
Views: 28677 Khan Academy
Bank of China Opens Renminbi Trade in U.S.
 
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Bank of China, one of China's main state-owned lenders, has opened up renminbi trade to American firms and individuals in a move that will strengthen the presence of the currency on the world front, the New York Times reports. The Bank of China announced on the website of its New York branch that trading firms and individuals could now open accounts in the Chinese currency. Currency trading in the renminbi was already possible at other banks, but the allowance by a state bank points to a shift in official policy. China started a renminbi settlement system in July that allowed cross-border trade in Hong Kong, but limited how much the currency could be exchanged. However, the yuan was made more flexible and is now allowed to move as much as 0.5% each day. The move by the country's central bank is a significant indicator that China is pursuing te strategy of initiating the renminbi as an international exchange currency. Robert Minikin, senior currency strategist at Standard Chartered in Hong Kong, said, "China sees the global financial system as too U.S.-centric and dollar dependent. That created issues during the financial crisis." He said China is moving away from dollar dependence: "Conditions are in place for sustained yuan appreciation against the U.S. dollar.'' Minikin predicts that the yuan will increase by 6% this year, to 6.20 renminbi per dollar. With concerns of high inflation in China, an appreciated yuan could help the country soften its imported inflation by making foreign goods less expensive.
Views: 569 FinancialNewsOnline
Competitive Currency Devaluation
 
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David McAlvany explains how how we created the conditions for a global currency war.
Views: 25525 DonMcalvany
China Incur Huge Exchange Losses
 
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Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews China's huge foreign exchange reserves continue to grow rapidly in recent years. Experts said the Central Bank's foreign exchange assets have incurred huge losses. It is imperative to divert them. Analysts believe RMB needs to be internationalized and freely exchanged. China's foreign currency policy and system have rendered Chinese people rather miserable. Zhang Anyuan, director of financial research in China's development and reform institute (NDRC) said, the loss of foreign exchange assets with the central bank is appallingly huge. Due to the exchange rate hike, as of the end of 2010, the Central Bank has lost US$271.1 billion over the past seven years. If future exchange rate of RMB to USD rose to six, the loss will climb up to 578.6 billion USD. Zhang Anyuan stressed the loss can't be covered by investment income. Except for the central bank as the "government purse", no institution will accept such commercial trading loss. He believes it's urgent to diversify foreign exchange reserves. Central bank data showed by the end of March, China's foreign exchange reserves reached 3,044.7 billion USD about 1/3 of global foreign exchange reserves. HK Oriental Daily published an article "Foreign Reserves Lost Two Trillion, Who Is Guilty?". As Zhang Anyuan calculated, China's foreign exchange reserves in past 7 years lost nearly two trillion yuan, about 1,400 yuan per capita. Chinese Authorities claimed no money to implement free medical care nationwide, which needs only 400 billion yuan, much less than the above loss. Sun Laixiang, professor in Department of Finance in Oriental and African Studies of Univ. of London, told BBC that China has no need to hold such huge foreign exchange reserves, authorities should change the highly centralized model, marketize RMB, and allow enterprises to have more management authority on it. High foreign exchange reserves make capital inflows and outflows contradictory. On one hand, economic development requires a lot of money from abroad; on the other hand, authorities increase foreign exchange reserves to "output" huge low-cost funds. According to China's foreign exchange policy, to export 1 dollar commodity, same value of RMB will be printed to balance it. In 2010, China's foreign exchange reserves was about 2.8 trillion USD, more than 18 trillion yuan were printed, equivalent to nearly 6-fold of 3.4 trillion market currency in circulation (M0) in 2008 . Economist Lang Xianping pointed out the huge amount of RMB balancing foreign exchange, were passed on to people as inflation, causing a sharp depreciation of currency, and sharp rise in prices. The resulting phenomenon is absurd that the more export and foreign exchange, the more miserable people are. Why is the CCP so 'stupid'? Why don』t the authorities "Return export income to the public to improve people's standard of living ", or "reduce exports, and leave more on domestic market"? Isn't it that the best solution? Critic Gao Zitan said on New Era magazine, as early as the CCP established its regime, it had a working-peasant "scissors difference" in price, to suppress agricultural products prices, exploiting farmers to support workers. Now it's "scissors difference" between domestic and international commodity prices. Exploit cheap labor, export cheap goods, along with its foreign policy, repeatedly plunder people's wealth. Gao Zitan said essentially 3 trillion foreign exchange reserves have become CCP's assets, people do not know its specific uses, let alone any decision on it. NTD reporters Li Qian and Li Ruolin 《神韵》2011世界巡演新亮点 http://www.ShenYunPerformingArts.org/
Views: 834 ChinaForbiddenNews
Expert Analysis on US Senate's Exchange Rate Oversight Act
 
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Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews On the evening of Monday October 3rd, U.S. senators voted to pass the Currency Exchange Rate Oversight Reform Act of 2011 which favored tough tariffs on the artificially depressed Chinese currency. Would this legislation impose any harm to the Chinese populace? Both industry sector and economic experts share their views. News: According to the Act, the administration must impose duties on currency manipulators after 90 days of failure to adopt appropriate policies. In comparison to the current law requirement for deliberate manipulation, this new Act has lowered the penalty threshold. Meanwhile, the U.S.Dept. of Commerce can require an investigation into undervaluation by a government. Assistant Professor of Marketing at University of South Carolina Aiken, Dr. Xie Tian analyzed that once this bill becomes the law, it will drive the CCP to restore the current low commodity prices to normal competitive prices, and reduce the stress on the US industry and employment. Therefore, it will be welcomed by the general public and the government. However, is it going to hurt the general interest of the Chinese? Professor Xie Tian: "It would not hurt the general public's interest in China. Without the manipulation of currency and export policy, in fact, the Chinese exporters, the general public, and the production line personnel, would have made profit and benefited from export. The reason why they have not been able to really obtain their benefits was because they have been deprived by the authority and the privileged. Business consultant Mr. He Jun Jiao believed the legitimacy of the U.S. government to follow market and economic principles and to protect the public and business interests. He also pointed out that the depressed RMB exchange rate created by the CCP does not truly benefit the Chinese. Mr. He Jun Jiao: "The wealth caused by export growth has not actually reached the hands of the general public. Instead, it only brought more foreign exchange reserves for the Chinese government to purchase more bonds and a variety of financial products from the U.S. and other developed western countries. Through this financial transfusion, it helped to maintain a high living standard in these free western countries. What the Chinese government does is rather immoral." The Chinese Foreign Minister issued a statement on Tuesday that this Senate Bill gravely violates WTO rules. Professor Xie Tian: "This statement will not hold. When China first entered the WTO, it clearly promised to reduce tariffs, not to manipulate the currency and to promote free trade. In fact, China has been violating the WTO agreement. It is entirely in line with international practice and standards to request the correction of the erroneous practice of the CCP." He Jun Jiao indicated that the CCP has been violating WTO rules to artificially depress the Chinese currency. This type of economic growth will not last long. Mr. He Jun Jiao: "How could it last? First of all, you have violated the WTO rules. Meanwhile the domestic purchasing power is very low. Our total wage share of national GDP is one of those relatively poor ones in the world. Due to lack of purchasing power, the GDP has been driven by two main carriages, that is, investment on infrastructure construction, and increasing export. That's how economic growth has been relatively rapid. However, this model is not likely to last long." The Senate vote coincides with a trip to Beijing by Treasury Under Secretary Lael Brainard who reinstates the undervalued Chinese currency. Dr. Xie Tian indicated that this is a clear message from America that the CCP should quit manipulating the currency, let the RMB appreciate freely, and return wealth to its people. NTD reporters Bai Mei, Shang Yan and Zhu Di. 《神韵》2011世界巡演新亮点 http://www.ShenYunPerformingArts.org/
Views: 158 ChinaForbiddenNews
Ferguson Says China Saw Currency Risk in U.S. Debt Talks
 
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Aug. 4 (Bloomberg) -- Niall Ferguson, a history professor at Harvard University and a Bloomberg Television contributing editor, talks about China's response to the U.S. debt ceiling debate in Washington. Ferguson speaks with Deirdre Bolton on Bloomberg Television's "InsideTrack." (Source: Bloomberg)
Views: 1751 Bloomberg
RMB on EUR/USD, USD/CAD and USD/JPY
 
05:40
In the latest Targets In Focus Currency Strategist at Rand Merchant Bank in South Africa, John Cairns, talks again to Dukascopy TV on their predictions for the EUR/USD, USD/JPY, USD/CAD and the ZAR.
Views: 48 Dukascopy TV (EN)
DeMint Criticizes Currency Exchange Rate Oversight Reform Act
 
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Sen. Jim DeMint (R-S.C.) criticizes Currency Exchange Rate Oversight Reform Act during a speech on the Senate floor (Oct. 5, 2011).
Views: 724 SenJimDeMint
Barry Eichengreen Predicts Three Reserve Currencies to Replace the Dollar
 
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BUC Berkeley professor Barry Eichengreen speaks with Economy 4.0 special correspondent David Brancaccio about what the will replace the dollar as the world's reserve currency. Eichengreen is the author of "Exorbitant Privilege:The Rise and Fall of the Dollar and the Future of the International Monetary System," published by Oxford University Press. #MarketplaceAPM #BarryEichengreen #EconomicExplainers http://www.oup.com/us/catalog/general/subject/Economics/International/?view=usa&ci=9780199753789
Views: 1542 Marketplace APM
China vs USA: The Controversy Explained
 
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Alex Merced explains the controversy between the US and Chinas currency relationship. - Why would China peg it's currency to the US$ - Which is better for the US, then breaking the peg or continuing the Peg - Why is China Suffering Inflation - How does the peg work?
Views: 455 Alex Merced
Yuan rises as Beijing warns
 
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http://www.euronews.net/ China's currency the yuan, has hit its highest level at the dollar after making its biggest ever daily gain. The yuan is now up by 30.4 percent against the US currency since its landmark revaluation in 2005. That comes as Beijing warned of a trade war and said US jobs growth would suffer if the United States enacts a law - about to be voted on in the US Senate - to try to force to allow the yuan to rise.
US Dollar at 1500 Tomans , Ahmadinejad try to calm the market
 
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More videos on [http://www.lenziran.com]In contrary of the Central Bank promise , the exchange rate of foreign currencies increased dramatically during last week and one US Dollar was sold 1500 Toman against 1100 official rate.Meanwhile the Central Bank stopped to sell gold coins as it was announced with enthusiasm and Ahmadinejad tried to bring confidence to the market during a speech in a seminar for evaluation of new subsidy law on Tuesday 20 December ..
Views: 2351 Agaahi
USD3 trillion FER of China
 
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Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews China's foreign exchange reserve (FER) has reached USD3.044 trillion, exceeding country needs level, said China's central bank Governor Zhou Xiaochuan. According to Western media, China's large foreign exchange reserve buildup is bringing more trouble than benefits. China's FER rose 24.4% year-on-year by March end to USD3.044 trillion, despite the USD1.02 billion in quarterly trade deficit, according to data released on April 14 by the People's Bank of China (PBOC). Reuters analysis shows that for every dollar that goes into reserve, China prints about RMB6.5, adding even more cash to its economy. Dr. Jian Tianlun (economy expert): "USD3 trillion in FER is inappropriate for China's economy. It is wasting Chinese people's money to subsidize other countries. Excessive purchase of US bonds will decrease the US interest rate and thus subsidize the US economy with Chinese money." According to Reuters analysis, China's large FER leads to inflation, disrupts economic balance, and causes trouble to the country's money minders. Jian believes China's high FER and inflation rate is directly related to the undervalued RMB currency. Jian Tianlun: "Undervalued RMB causes the FER to expand, relative to GDP, stoking up currency issuance nearly to the limit. Inflation rate thus rises. So we can say that the recent surge in inflation is caused by undervalued RMB and increased FER." Jian believes China's real goal is not to increase FER, but to maintain growth rate. Jian: "Without continuous increase in exports, China's GDP will not grow at its current rate. So China is not taking any action to reduce its excessive FER, because it needs to maintain the growth rate of GDP to maintain stability. Any problems in economy or employment can trigger social turbulence." "Foreign-exchange reserve has exceeded the reasonable level that our country actually needs," said central bank Governor Zhou Xiaochuan in a speech at Tsinghua University on April 18. The rapid increase of the reserve has led to excessive liquidity and fuelled inflation pressures. Jian: "There are many solutions to the FER problem: one is to raise RMB's exchange rate & export prices, thus recover trade surplus and increase home wages. Another is to increase export prices through inflation. China adopts the latter, sacrificing the majority of Chinese people interest to solve the FER problem." Chinese economists Qiu Lin wrote on his blog: "USD3 trillion in FER belongs to Chinese people. It should be used to benefit the people." Chinese netizens too believe that the government should let the people benefit from this large FER. NTD reporters Li Jing and Xiao Yan 《神韵》2011世界巡演新亮点 http://www.ShenYunPerformingArts.org/
Views: 429 ChinaForbiddenNews
Chinese Foreign Currency Reserves Show Record Leap
 
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Chinese Foreign Currency Reserves Show Record Leap
Views: 71 TNSONSOFLIBERTY
Trade a Declining Yuan
 
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http://www.TheForexNittyGritty.com - Trade a Declining Yuan An interesting new problem may have arisen for currency traders, how to trade a declining Yuan. The assertion regarding the Chinese currency for many years has been that the People's Bank of China buys dollars in order to reduce the value of the Yuan and keep Chinese exports flowing. The continuing balance of payments deficits that the US, especially, runs with China, has led US and other lawmakers to demand that China allow its currency to float without any intervention. The theory is that by allowing the Yuan to float Chinese exports will become more expensive and less competitive. Now it appears that the Yuan is falling in value, and not because of currency manipulation. Today's currency traders trade a declining Yuan as the global economic recovery weakens and the twin financial crises in North America and Europe threaten a second dip to the recession and substantially reduced imports from China. In addition an increase in Chinese imports may well erase the Chinese trade surplus, according to Chinese sources. Those who currently trade a declining Yuan, have watched as Yuan forwards declined. Forwards are derivative contracts used to hedge currency risk or engage in currency speculation for profit. Unlike trading options on currencies no money changes hands when a forward contract is agreed upon. Also, unlike options contracts, both the seller and the buyer are obligated to fulfill their portion of the forward contract on the delivery date. As currency traders anticipate a falling Yuan, forwards decline. The early result of the debt crisis in Europe and the USA has been the appreciation of other currencies, including the Yuan. However, the threat of a substantial economic downturn in both economies threatens Chinese exports and threatens to drive down the Yuan. Chinese exports did, in fact, fall last month. While talk of internationalization of the Yuan persists its value seems to be driving today by the market and much less so by currency manipulation. To trade a declining Yuan will require a change of mindset for many traders. The Yuan rose to a seventeen year high against the dollar in mid-November, after a nearly four percent run up this year. Some may merely view this as a correction. However, the debt issues in Europe and North America are terribly real. Thus the Asian exporters who have profited from keeping their currencies weak and have built up huge dollar and Euro currency reserves are likely to pay a price in terms of reduced exports. A silver lining to the clouds may be that as the Yuan depreciates the value of China's reserves will go up. For those set to trade a declining Yuan two general issues come to mind. One is that the continued appreciation of the Yuan is not guaranteed, especially if China ceases to manipulate its currency. The other is that China has its own set of internal issues and problems. The nation has had steady economic growth for years and many Chinese would consider it political suicide to drastically reduce exports and cash flow into the country. China states that it intends to increase development of internal infrastructure projects in order to maintain high employment and its internal economy. With time, to trade a declining Yuan or a rising Yuan traders may spend less time concerning themselves with currency manipulation and will watch the same sorts of employment numbers and statistics as they watch in the USA when trading the US dollar. With time the Yuan could join the dollar as a safe haven currency. For more insights and useful information regarding the Forex markets and foreign currency trading, visit www.TheForexNittyGritty.com.
Views: 157 ForexConspiracy
Reid: End China's Currency Manipulation, Save U.S. Jobs
 
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Senate Majority Leader Harry Reid urges China to end its unfair trade practice of manipulating currency. The Senate is debating a bill that would provide consequences if China fails to respond.
Views: 1092 SenateDemocrats
United States Economy China Currency Wars Currency Manipulation Analysis
 
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http://www.StockMarketFunding.com United States Economy China Currency Wars Currency Manipulation Analysis. Audio from 9/29/2010. Free Trial Signup http://onlinetradinginvesting.eventbrite.com Video Alert Signup http://www.stockmarketfunding.com/evideosignup.htm Trading Community (Free to Join) http://www.DailyStockCharts.com Follow us on Twitter: http://www.twitter.com/TradingSchool Follow us on Facebook: http://www.facebook.com/OnlineTradingPlatform Video on: stocks china, china stocks, "us economy" "economy us" "stocks us" "us stocks" "online trading" "trading online" obama china currency "us dollar" "dollar us" "currency war" "currency wars" Video related to: United States Economy China Currency Wars Manipulation Analysis AAPL Stock Apple Computers Steve Jobs Always Sand Banging the Earnings Guidance Trading Closing Bell Short Trade "stock trading" "apple stock" "stock aapl" "stock apple" "aapl stock" "trading platform" "stock chart" "stock charting" "stock market" "market analysis" "stock commentary" "market commentary" "trading analysis" video videos aapl finance economy financial charts
Currency Exchange by Poundwize Forex Private Limited, Bengaluru
 
01:18
[http://www.forexbangalore.com/] Welcome to Poundwize Forex Pvt Ltd, Offering Foreign Money Exchange Services. The company was established in the year 2004 at Bengaluru. We are a RBI money changer license holder and Pound wize is also exploring a concrete step into M-commerce. Supported by a young team of experts and dedicated people, we have been able to set a benchmark in the industry and make decisions respecting benefits of clients. Euro, Canadian Dollars, Thai Baht, Israeli New Shekel & Chinese Yuan are the circulating currencies that we offer.Range of services offered by us include currency exchange, international money transfer, traveler's cheques & Forex prepaid cards. Our currency exchange services requirements are easily affordable and help clients in making easy transactions abroad throughout the globe. We are the leading service providers of International money transfer solutions.Being a trusted service provider of all types of forex needs, we offer a wide range of Travelers Cheques to ensure hassle free journey abroad. Forex cards offered by us are easily accepted across nations at all visa and master card outlets.
Views: 244 IndiaMARTSuppliers