From: AshrafLaidi.com newsletter
Aside from the Bernanke speech, which will come out 15 minutes before the US retail sales & CPI reports, the US Treasury may publish its SEMI-ANNUAL CURRENCY REPORT, possibly labelling China as a currency manipulator. The reports official release dates are April 15 and October 15, but it is almost always delayed by 1-2 months. The Treasury has been pressured and criticised by Congress for never naming China as a currency manipulator. In the UNLIKELY event that it does, this would effectively declare a currency war on China. RUMOURS OF A DEAL involving the US delaying the report or not naming China as manipulator IN EXCHANGE for China either revaluing the yuan or allowing it to appreciate faster. As part of any deal, CHINA WOULD NEED THE FED TO ISSUE LESS QE (purchase less treasuries) in order to alleviate the downward spiral of the USD. These talks are a strong reason to the consolidation seen in Thursday FX markets involving USD bounce and yen declines.
- Forums
- Forex
- pennant
AUD
unknown
From: AshrafLaidi.com newsletterAside from the Bernanke speech,...
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AUD (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online