Submitted by SaxoBank's Dembik Christopher via TradingFloor.com,
Currency stability is a prerequisite for China's economic transition
Defending the yuan is prohibitively expensive – China cannot beat the market
Progressive devaluation managed by PBoC...
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Tag Archive: Hong Kong
Square Holes And Currency Pegs
Submitted by Raul Ilargi Meijer via The Automatic Earth blog,
When David Bowie died, everybody, in what they wrote and said, seemed to feel they owned him, and owned his death, even if they hadn’t thought about him, or listened to him, for years....
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Global Risk Off: China Reenters Bear Market, Oil Tumbles Under $30; Global Stocks, US Futures Gutted
"We're gonna need a bigger Bullard"
- overheard on a trading desk this morning.
Yesterday, when looking at the market's "Bullard 2.0" moment, which was a carbon copy of the market's kneejerk surge higher response to Bullard's "QE4" comments fr...
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The Swiss Trade Surplus: A Really Global Economy
The Swiss trade balance for goods clearly indicates its global orientation. Switzerland has a trade surplus with the US, Canada, the UK and many emerging markets. Swiss exports are mostly luxury products and pharmaceuticals. The total surplus for the 4 first months in 2013 was 7.7 billion CHF, about 1.2% of GDP, annualized around …
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Why the SNB will not Imitate Hong Kong, but Potentially Singapore
The SNB will not be able to realize a fixed currency peg over the long-term. The consequence would be that Switzerland loses its competitive advantage, lower Swiss rates, if it follow euro inflation.
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Warum die SNB nicht Hongkong, sondern Singapur imitieren wird
Im Gegensatz zu Hongkong mit dem USD/HKD-Peg kann die Schweiz ein Currency Board, einen fixen Kurs zum Euro nicht für Jahre durchhalten. Die Gründe auf snbchf.com
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