The yuan's newfound status swings the door to China wide open
Inclusion of the Chinese yuan in the IMF’s basket of reserve currencies, expected to be approved at the end of this month, heralds China’s increasing presence in global capital markets.With its new...
View ArticleThe biggest risk for global bond investors has nothing to do with the bond...
The Federal Reserve is preparing to raise interest rates, just as other regions like Europe are pushing ahead with easy money policies.That has the potential to create a divergence in bond market...
View ArticleThis course can prepare you to trade on world’s largest financial market
The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships so we may get a share of the revenue from your purchase.There are tons of different ways to...
View ArticleSouth Africa just fired its finance minister, and now its currency is...
South Africa's rand fell to a record low against the dollar on Wednesday.After touching a new low earlier in the day, it tanked again after the country's President Jacob Zuma issued an unexpected...
View ArticleA history of the US gold standard
Ever since the U.S. left the gold standard for good in 1971, some politicians and investors have called for its return. At one of the Republican presidential debates in October, Texas Senator Ted Cruz...
View ArticleChina just dropped a hint about the next massive change for its currency
China's Central Bank suggested in an editorial on Friday that it may be time to de-peg the yuan from the dollar, and instead peg it to a basket of currencies, The Wall Street Journal reports.The...
View ArticleThe US is still trying to decide which woman will be the face of the new $10...
Americans will have to wait a little longer to find out which woman will appear on the new $10 bill.US Treasury Secretary Jack Lew will delay his announcement of the $10 bill redesign until 2016, a...
View ArticleThe dollar is up 40% versus the Argentine peso in one day
Buenos Aires (AFP) - The US dollar shot up by more than 40 percent against the Argentine peso on Thursday, a day after the new pro-business government scrapped its leftist predecessors' foreign...
View ArticleADIDAS: The strong dollar is gonna jack up our costs by half a billion euros...
FRANKFURT — The German sportswear and equipment giant Adidas expects costs to increase sharply next year as a result of the strong dollar, its chief financial officer said in a newspaper interview...
View ArticleThis infographic shares 6 of the world's strangest currencies
Infographic: The World’s Strangest CurrenciesFor centuries, humans from all around the world have tried to use different things as money. Some forms, which most people are familiar with today, have...
View ArticleIf there's one thing everyone understands about foreign exchange, it's this...
The foreign exchange markets are incredibly complicated.Local interest rates, monetary policy, trade balances, etc. are among the myriad factors that can cause one currency to move up or down relative...
View ArticleThis could be the next domino to fall due to low oil prices
Low oil prices put pressure on the budgets of major oil producing countries in 2015, but the next domino to fall could be their currencies.Petro-economies with flexible exchange rates have already seen...
View ArticleChina burned $3.5 billion a day in December
China burned through $108 billion in December, according to China's central bank, as the country tried to stabilize the yuan as it depreciated against the dollar.That works out at to about $3.5 billion...
View ArticleWhy China's stock market and currency policies are bound to fail
China is trying to turn back the clock. Having unleashed the forces of the market to build a bubble in stocks in 2015 to help aid China’s economic transition, the communist nation is now uncomfortable...
View ArticleThe most brilliant China analyst in the world says the government has a 'new...
China started 2016 with two mini stock market crashes and a 0.5% currency devaluation.So it should come as no surprise that Charlene Chu, an analyst known the world over for making sense of China's...
View ArticleThe smartest money in the room is turning bearish
Hedge funds are becoming increasingly bearish, according to a report from Societe Generale's Cross Asset Research team."Starting in December last year, Hedge Fund positioning reveals a further...
View ArticleThe cost of Switzerland abandoning its euro peg
One year ago – at exactly 10:29am on January 15 – a euro bought CHF1.20 worth of Swiss goods and services. At 10:30am, Switzerland’s central bank abruptly pulled the plug on its franc-euro exchange...
View ArticleFinancial crises have been bad news for the world's strongest currencies
Since the 1990s, every financial crisis has forced countries with strong currencies to ease monetary policy. https://twitter.com/strayreflect/status/686256951169302532?ref_src=twsrc%5Etfw SEE ALSO:...
View ArticleWall Street already has a trade of the year
It's rare that Wall Street decides the trade of the year this early, but 2016 has already been strange in a number of ways.Talk to traders up and down The Street and it seems everyone has an opinion on...
View ArticleA perfect example of how China confuses Wall Street to no end
Consider this a pretty solid example of why Wall Street is totally confused by China.You may remember that in late 2015, China decoupled the yuan from the dollar and pegged it to a basket of...
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