Daily Kickstart (Chinese FX Reserves Fall Below $3 Trillion, Euro On The Back Foot, Senate Weighs Risk Of School Grizzly Attacks)
The “big” news overnight should have been Chinese FX reserves just like China should be back
The “big” news overnight should have been Chinese FX reserves just like China should be back
“Non-Farm Friday is no time to plead exhaustion,” Bloomberg’s Richard Breslow wrote earlier this morning
Tuesday’s most read post, oddly, was this one: “Trump’s Idiot Trade Czar Tanks Dollar With
Needless to say, I’ve spent a fair amount of time talking about currencies this year. As
Much has been made of the great FX reserve liquidation that’s characterized the post-yuan devaluation
Given that today is Donald Trump’s coronation, it’s somewhat ironic that we begin in China, where the Politburo was kind enough to tell us what they want us to think GDP is.
“Trends go through life cycles. There’s more to them than just a big move that happens because some market theme becomes all the rage.”
Traders put the brakes on the flight to safety bid on Wednesday as gold and the
It’s “too complicated.” I imagine that probably sums up Donald Trump’s feelings about a lot
Let’s see, in 2015 there was the Swiss franc in January, German bunds in April/May,
The normalization of initial public offerings (IPOs) in China could help raise the financing efficiency
Are you a Chinese citizen who wants to circumvent Beijing’s increasingly onerous capital controls on the
We’re gonna need a weaker yuan. Data out Friday showed China’s exports falling 6.1% y/y
Last week, we witnessed a truly epic short squeeze in Hong Kong. Soaring deposit rates,
Sure, many Chinese citizens are so desperate to move money out of the country that they’re
“There is still much uncertainty about how his exact economic agenda will look,” Commerzbank’s Thu Lan
“With unaccounted-for risk in Chinese bonds dispersed widely, investors should hope global rating companies are allowed to dig deeper.”
The pound gets pounded while the RMB remains volatile. The offshore yuan posted its largest two-day decline since last summer.
Those of us who think it’s important to track developments in China’s economy and financial
“Global markets really couldnÂ’’t seem to give a toss about events in China. Yet they should.”
How important is Friday’s NFP print? Well, probably not that important. Or at least it wouldn’t
Overnight I quoted Goldman on the way to explaining why a short yuan bias was
“Don’t make me be a bad guy”…
How can we attribute a plunge in the dollar to a dovish reading of the Dec. FOMC minutes?…
Whither the yuan…
Whatever you do, don’t listen to anyone who says you shouldn’t concern yourself with a couple of basis points here or there in markets that are some 8,000 miles away…
Markets have been rallying quite strongly on this notion of fiscal hope but, as we
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