shockedcanadian
Diamond Member
- Aug 6, 2012
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Some online have suggested that this is them placing their bets on who they think will win the election. They are betting it will be someone who weakens the U.S economy and the demand for the U.S dollar.
Others say it is a combination of them strengthening the Yuan in conjunction with who they believe will win the election, that person presumably will weaken the U.S economy in their estimation and help them with their large short position.
Others suggest it is China weaponizing their influence in their continued efforts to weaken and eventually replace the U.S dollar. Turkey has now asked to be a part of BRIC. We will see where this leads if more West Asian/European nations wish to join BRIC.
www.bloomberg.com
China’s embrace of a stealthy strategy to manage its currency is exposing the nation’s banks to billions of dollars of potential losses — and handing easy profits to investors on the other side of the trade.
At the center of it all are transactions known as foreign-exchange.
Others say it is a combination of them strengthening the Yuan in conjunction with who they believe will win the election, that person presumably will weaken the U.S economy in their estimation and help them with their large short position.
Others suggest it is China weaponizing their influence in their continued efforts to weaken and eventually replace the U.S dollar. Turkey has now asked to be a part of BRIC. We will see where this leads if more West Asian/European nations wish to join BRIC.
China’s $100 Billion Short Against Dollar Enriches Hedge Funds
State-owned banks are helping support the yuan and the trade is saddling them with huge potential losses.
www.bloomberg.com
China’s embrace of a stealthy strategy to manage its currency is exposing the nation’s banks to billions of dollars of potential losses — and handing easy profits to investors on the other side of the trade.
At the center of it all are transactions known as foreign-exchange.
