How Chinese Banks Understate Foreign Liabilities and Facilitate Implied Outflows
Chinese banks are using foreign exchange swaps to understate their foreign liabilities to fund foreign asset purchases. This helps facilitate...
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Dollar Saved by the Fed
The USD was in crucial danger of being slammed last week after weak CPI inflation data, but has been saved by the Fed sticking to its guns. The...
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Offhore Yuan USDCNH : On Levels for a Possible Last Downleg Before a New Rise Back to 6.9200/7.0000
PBOC intervention following Moody’s downgrade has pushed the currency higher.However, it seems that the offshore yuan USDCNH cross has reached a...
98 Views
Trump Is a Dead-Weight on the USD
Global investors heading into Japan equities may no longer be routinely hedging the JPY currency exposure. Equity investors, viewing the largely...
166 Views
Chinese Officials Turn a Blind Eye to Corruption
One of America's most prestigious investment banks was fined hundreds of millions of dollars last year for bribing Chinese officials through its...
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