China Yuan Hits Fresh High on PBOC Guidance From THE Wall Street Journal China’s yuan rose against the U.S. dollar to a fresh high late Tuesday after the central bank guided the Chinese currency higher via a daily reference. On the over-the-counter market, the dollar was at CNY6.2223 around 0830 GMT, lower than Monday’s close [...]
In the website, “The Economist” there is a debate raging over whether the U.S. Dollar or the Chinese Yuan should be the world’s reserve currency. At the moment, the U.S. Dollar is winning the voters over the Chinese Yuan by a ratio of approximately 70 percent to 30 percent. The arguments for both sides are [...]
Bernanke, Geithner and Obama are the Movie Stars who are fronting for the International Capitalists who have invested Trillions in Asia. When Bernanke sits in a chair in front of a Congressional Committee and wrinkle his eyes and wipes his bald head, he is not thinking or deliberating about finance, he is trying to remember [...]
China Says U.S. Yuan Legislation Will Hurt World Economy By Bloomberg News – Sep 30, 2010 China said a measure passed by the U.S. House of Representatives yesterday aimed at pushing up the value of the yuan will hurt the global economy if it becomes law. “We firmly oppose the U.S. Congress approving such bills,” [...]
Two days ago, Barack Hussein Obama, the Indonesian trained President of the USA, complained to the world press that the Chinese Yuan was unfairly valued too low and that this exchange rate was causing China to have surplus in their trade with the U.S. Today, Wen Jiabao, the Chinese Premier, answered back in the following [...]
