Renminbi

Chinese Capital Outflows Return As Soon As PBOC Halts FX Intervention

Although the PBOC reported that in September official central bank reserves rose by $17 billion to $3.109 tn , according to the latest SAFE data released overnight, after the first, and only month of inflows in three years, outflows have again returned for a total of $7bn in September (vs. net inflows of +US$9bn in Aug), in light of the recently relaxed FX forward rule

China Launches Yuan-Ruble Payment System

China and Russia are continuing to shift away from dollar-based trade, and converging on commerce which will eventually be backstopped by gold, or what is gradually emerging as an Eastern gold standard.

S&P Downgrades China To A+ From AA- Due To Soaring Debt Growth

"The downgrade reflects our assessment that a prolonged period of strong credit growth has increased China's economic and financial risks. Since 2009, claims by depository institutions on the resident nongovernment sector have increased rapidly. The increases have often been above the rate of income growth."

Trump's China-Sanctions Madness Imperils The Dollar

"If the US wants to really continue with this sanctions game, it need also be prepared to face the reality that its not 1989, and that the world may not be willing to treat dollars and US sanctions in the way the US expects it to. The likely response will only be the latest evidence that the US 'unipolar moment' is over. "

Hedge Fund CIO: "Why The Future Of Cryptocurrency Is Not As It Seems"

"The future of cryptocurrency is not as it seems. Once private markets perfect cryptocurrency technology, governments will commandeer it, killing today’s pioneers. Then with every cryptodollar, yen, euro and renminbi registered on their servers, they’ll have complete dominion over money, laundering, taxation. "

One Trader Warns This Weekend's Potential Chaos Is "Virtually Impossible To Handicap"

With VIX hovering below 12 still - despite a surge in realized volatility to its highest levels since the election - investors seem very confident that no matter what happens this weekend (or next), everything will be awesome. As former fund manager Richard Breslow warns however, "for traders, the two items with the biggest potential lasting effects are virtually impossible to handicap."