Yuan

A China Conspiracy Theory: "What If Beijing Is Behind The Entire Move?" SocGen Asks

"One interpretation is that China has been accumulating Treasuries to stop the Yuan appreciating too fast, buying Treasuries and driving yields lower than they would otherwise have been. Was that 2.03% 10year Note a function of expectations about the Fed, inflation and fiscal policy, or the result of Chinese buying in summer markets?"

Dollar Surges, Bonds Dump Ahead Of Trump Tax Plan

S&P futures are set for a higher open (+ 0.1%) despite the expected hit to the Dow from Nike, as European stocks gain while Asian shares dropped. Like yesterday when the big story was the jump in the USD ahead of Yellen's (rather hawkish) speech, so today the greenback's levitation has continued, this time propelled by the imminent unveiling of Trump's tax plan.

Global Stocks Mixed After "Nightmare Victory" For Merkel; Chinese Property Developers Crash

European stocks rose as the euro tumbled following Germany’s election result which was dubbed a "Nightmare Victory" for Merkel and could lead to complicated coalition talks. U.S. equity-index futures point to a lower open, while Asian equities slide after a plunge in Chinese property developer names as well as tech stocks following more iPhone delivery concerns. S&P500 futures are steady. 

China's ICO Crackdown Boosts Hong Kong's Hopes Of Becoming Blockchain Hub

China’s decision to shutter digital-currency exchanges based on the mainland, a strategy meant to extinguish the rampant fraud and abuse associated with initial coin offerings, or ICOs, is brightening Hong Kong's hopes of asserting itself as a hub for blockchain technology.

The Petrodollar Is Under Attack: Here's What You Need To Know

"The evidence continues to show that the USDollar is slowly being eroded... and that as these adversarial countries make these developments in unison, there appears to be little the US can do without risking an all-out world war..."

Traders Yawn After Fed's "Great Unwind"

One day after the Fed unveiled the "Great Unwinding" the reaction has been largely muted, with S&P futures unchanged, near all-time highs as European and Asian shares rose modestly while the dollar edged marginally lower through the European session after yesterday’s post-Fed surge.

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."

"If This Trade Doesn't Work, You Can Blame Me..."

"Taking the other side of this latest de-dollarization fad feels scary. It is not comfortable by any means...Yet the hard trades are often the right trades... (either that, or you make a complete fool of yourself)"

The World Is Creeping Toward De-Dollarization

"The process of moving away from the dollar - prepared by Europe and triggered by China and Russia - can no longer be stopped... And as a 'supra-national' reserve asset, gold plays an important role in it."