Forex Blog Archive: May, 2007

Commentary: What to do about the Chinese Yuan?
The Chinese Yuan refuses to die as a topic of conversation among forex speculators. In theory, the currency is among the world’s most prosaic; since its famous “revaluation” by the Chinese gover...
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China’s Forex Arm Begins Investing
China’s Central Bank recently made waves in forex markets when it created several state-owned organization charged with investing a portion of China’s $1.2 Trillion in forex reserves. Scant additi...
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Kuwait Terminates USD Peg
Since 2003, the small mid-east nation of Kuwait has effectively prevented its currency, the Dinar, from fluctuating by fixing it to the USD. Last week, however, it became the latest casualty of a fall...
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China Increases Yuan Trading Band
In a sop to western policymakers, China recently announced that it would widen the Chinese Yuan’s daily trading band, from .3% to .5%. In theory, this means the Yuan will now be permitted to fluctua...
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US Congress Discusses Yen Manipulation
This week, the US Congress conducted a hearing on “Currency Manipulation And Its Effects On American Businesses And Workers,” for which it invited numerous experts to weigh in on undervalued curre...
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Asian Nations Form Forex Bloc
The leaders of 13 Asian nations recently agreed to pool part of their combined $2.7 Trillion in forex reserves to create a safety net of sorts, which would protect any and all of the member countries ...
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Saudi Forex Reserves Reach $250 Billion
By some measures, Saudi Arabia’s reserves are the fastest growing in the world. The country’s reserves recently crossed the $250 Billion threshold, and are now growing at a pace equivalent to near...
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Warren Buffet Returns to Forex
Two years ago, Warren Buffet made headlines when he entrenched a $20 Billion dollar bet that the USD would decline in the near term. Unfortunately for Mr. Buffet, who happens to be one of the world’...
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Corporate Profits Buoyed by Forex Gains
While the American economy is sputtering, US corporations are earnings record profits and stock market capitalization is soaring. These seemingly contradictory trends are being driven by the decline i...
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Fed Tries To Maintain ‘Goldilocks’ Economy
Today, the US Federal Reserve Bank announced that it would hold the benchmark federal funds rate at 5.25% and will likely wait a few more months before nudging rates upward or downward. In a press rel...
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