h******t
发帖数: 872 | 1 http://www.wsj.com/articles/currency-war-u-s-hedge-funds-mount-
Some of the biggest names in the hedge-fund industry are piling up bets
against China’s currency, setting up a showdown between Wall Street and the
leaders of the world’s second-largest economy.
Kyle Bass’s Hayman Capital Management has sold off the bulk of its
investments in stocks, commodities and bonds so it can focus on shorting
Asian currencies, including the yuan and the Hong Kong dollar.
It is the biggest concentrated wager t... 阅读全帖 |
|
b******r
发帖数: 1619 | 2 WTF?
Inside President Trump’s otherwise “standard Trump stump speech” at CPAC
was nestled what might be a most intriguing observation:
Global cooperation, dealing with other countries, getting along with other
countries is good, it’s very important. But there is no such thing as a
global anthem, a global currency or a global flag. This is the United States
of America that I’m representing.
There's a keen insight in there that could, just maybe, transform our lives,
America, and the world. No "gl... 阅读全帖 |
|
发帖数: 1 | 3 China currency war? China currency war?
8 Hours Ago | 04:22
President Donald Trump may think the Chinese are the "grand champions" of
currency manipulation, but he's wrong, expert John Rutledge told CNBC on
Friday.
"Trump is an idiot on this. He has no clue what currency manipulation means,
" the chief investment officer of global investment firm Safanad said in an
interview with "Closing Bell."
During the campaign, Trump accused China of keeping its yuan currency
artificially low against th... 阅读全帖 |
|
N********n
发帖数: 8363 | 4 1. A strong currency only hurts exports over the short run. Nobody seems
to remember that the German mark was at .25, and the Japanese yen at 300
before the Nixon devaluation of 1971. The mark afterwards quintupled, and
the yen has almost quadrupled since then.
2. A strong currency reduces the cost of imports, helping to keep prices
in check. If the price of your currency doubles, the price of imported oil,
machinery, technology, and everything else is cut in half.
3. Strong currencies ... 阅读全帖 |
|
|
G*********8
发帖数: 644 | 6 Global finance chiefs warned a race to weaker exchange rates risks hurting
the world economy even as they sought to downplay investor fears of a “
currency war.”
As the International Monetary Fund’s annual meeting began in Washington,
policy makers expressed concern that efforts to boost exports by embracing
weaker currencies threatened a surge in protectionism at a time when global
growth is already slowing. China was again the target of criticism as
foreign officials called the yuan undervalue... 阅读全帖 |
|
o*********l
发帖数: 1807 | 7 http://www.cnbc.com/id/44747478
After years of trying, Congress is taking another stab at retaliating
against what many see as Chinese manipulation of its currency to make its
exports to the United States cheaper and U.S. goods more expensive in China.
The Senate is expected to take up legislation Monday that would impose
higher U.S. duties on Chinese products to offset the perceived advantage
that critics say China gets by undervaluing its currency.
It's a political given here that China's econ... 阅读全帖 |
|
d***y
发帖数: 2567 | 8 Simon Johnson at Project Syndicate says the brewing currency wars are not
just China's fault, though it "certainly bears some responsibility." He
mostly blames "Europe's refusal to reform global economic governance,
compounded by years of political mismanagement and self-deception in the
United States. ... the US has run record current-account deficits over the
past decade, as the political elite -- Republican and Democrats alike --
became increasingly comfortable with overconsumption. These def... 阅读全帖 |
|
a*o
发帖数: 19981 | 9 http://online.wsj.com/article/BT-CO-20110301-714533.html
WASHINGTON (Dow Jones)--Federal Reserve Chairman Ben Bernanke defended the
central bank's effect on the dollar Tuesday, pushing back at the idea that
policy makers should consider alternative proposals like the gold standard.
Bernanke, appearing before the Senate Banking Committee, was pressed by Sen.
Jim DeMint (R., S.C.) on the viability of a return to a gold-backed economy
or the idea of the Treasury Department issuing bonds payable in ... 阅读全帖 |
|
b******r
发帖数: 1619 | 10 By Robert Schroeder
Published: Feb 11, 2015 11:06 a.m. ET
WASHINGTON (MarketWatch) — President Barack Obama used a phone call with
China’s president to pressure Beijing to let the market set the value of
the Chinese currency.
Obama spoke to President Xi Jinping on Tuesday night, the White House said
in a statement early Wednesday morning. According to the White House
statement: “The president encouraged China to continue its move toward
consumption-led growth and a market-determined exchange rat... 阅读全帖 |
|
k********8
发帖数: 7948 | 11 http://www.marketwatch.com/story/in-currency-markets-its-a-90s-
In currency markets, it’s a ‘90s flashback
Commentary: Reliving America’s ‘comeback’ decade
There’s a distinctly 1990s feel to currency markets right now.
It’s not that Wall Street FX traders are breaking out their grunge clothing
or firing up their 28-bps dial-up modems. It’s that the dollar’s current
moment of global strength looks more like the second half of that go-go
decade than any other period in its recent history.
The Wall... 阅读全帖 |
|
u***r
发帖数: 4825 | 12 http://www.nytimes.com/2011/12/27/world/asia/chinese-and-japane
By EDWARD WONG
Published: December 26, 2011
BEIJING — China and Japan have agreed to start direct trading of their
currencies, officials announced during a visit here by Japan’s prime
minister, Yoshihiko Noda.
The move was among several that emerged from Mr. Noda’s meetings with
President Hu Jintau, which on Monday focused on how the two nations could
work together to maintain peace on the Korean peninsula.
Japan will also apply to ... 阅读全帖 |
|
h******t
发帖数: 872 | 13 http://finance.yahoo.com/news/china-brink-major-milestone-conse
"If the yuan goes in the basket, then the likelihood is that the Chinese
would prefer a gradual depreciation of their currency against the US dollar,
" she said. "And this is good news because it allows time for the real
income gains in the West to be spent and potentially for us to get into the
positive scenario."
But if the yuan is not allowed in the SDR, Choyleva said:
"The Chinese leadership is not going to wait another five yea... 阅读全帖 |
|
|
W***n
发帖数: 11530 | 15 3 November 2014 Last updated at 19:04 ET
JP Morgan faces US currency trading probe
JP Morgan JP Morgan has faced a spate of fines in recent years
HSBC reserves $378m in currency probe
Barclays sets aside £500m in probe
RBS reserves £400m for currency probe
JP Morgan Chase, the largest bank in the US, has revealed it is under
investigation over currency trading.
The firm said the US Department of Justice (DoJ) had launched a criminal
investigation, while other regulators are... 阅读全帖 |
|
l****z
发帖数: 29846 | 16 Gmail Dead in China, All Google Products Blocked; Reserve Currency Silliness
Review
Access to Gmail in China was difficult, but not impossible. Workarounds
including Outlook, Apple Mail, and third-party Gmail hosts.
Starting last Friday, the "Great Firewall" became impenetrable as China’s
Censors Took Final Step in Blocking Gmail.
In the six months since Google’s mail service Gmail was blocked in
mainland China, users had been able to access it using third-party email
applications such as Mi... 阅读全帖 |
|
q**i
发帖数: 174 | 17
why doesn't it go the otherway? For example, the stock market drives
the currency market.
why empirical papers tend to be in one currency? few stocks are issued in
multiple currencies (ADR is one such exception). and most investors are
one-currency donominated: think about how many Chinese investing in
the British pound market, and how many of US in the Chinese market. Another
factor is that the stock market is considerably smaller than the government
market, especially for foreign investors so |
|
w*********s
发帖数: 2136 | 18 http://pics.livejournal.com/a_kolesnichenko/pic/00021ace/s640x480
Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8
By Lyubov Pronina
www.bloomberg.com
July 10 (Bloomberg) -- Russian President Dmitry Medvedev illustrated his
call for a supranational currency to replace the dollar by pulling from his
pocket a sample coin of a “united future world currency.”
“Here it is,” Medvedev told reporters today in L’Aquila, Italy, after a
summit of the Group of Eight nations. “You can see it and |
|
g********4
发帖数: 4959 | 19 发信人: T4 (T4), 信区: Military
标 题: BRICS to expand use of their own currencies in trade with each other
发信站: BBS 未名空间站 (Mon Apr 18 11:36:09 2011, 美东)
Addition of South Africa to the former BRICS format seems to have galvanized
the grouping. The five countries agreed to expand use of their own
currencies in trade with each other - an important step toward putting the
dollar into a new downsized place. One key influence is the annual expansion
of China's trade volume with other core countries by 40%... 阅读全帖 |
|
W***n
发帖数: 11530 | 20 China's yuan will likely join IMF's reserve-currency basket: Bloomberg
Published: Oct 23, 2015 1:19 p.m. ET
By
Joseph
Adinolfi
Markets reporter
China's yuan will likely be admitted to the International Monetary Fund's
Special Drawing Rights basket,Bloomberg reported Friday. Inclusion of the
yuan, also known as the renminbi, would confer de facto reserve status on
the currency, something China has long coveted, and likely encourage central
banks to increase their holdings of yuan USDCNY, -0.0... 阅读全帖 |
|
i*****s
发帖数: 15215 | 21 STOCKHOLM (Reuters) - Canada's ambassador to Iceland stirred up controversy
over the future of the North Atlantic island's currency at the weekend,
saying the nation of 320,000 would be welcome to start talks on adopting the
Canadian dollar.
After Iceland's financial collapse in 2008, there has been much political
discussion over whether to stick with the krona or adopt another currency to
help bring stability to the economy.
Having already begun talks on joining the European Union, the country ... 阅读全帖 |
|
n******m
发帖数: 169 | 22 Suppose current EUR/USD=1.2
interest rate of EUR is 5%,
interest rate of USD is 1%.
The forward price of EUR/USD (in one year), by no arbitrage argument, is
then given by 1.2*e^{1%-5%}, which is less than 1.2
However, it is generally believed that raising interest rate will translate
into a rise of the value of underlying currecy. In reality, people have a
greater interest in holding high-interest-rate currencies. The demand then
will drive the price of the currency higher. So, if the interest r... 阅读全帖 |
|
T4
发帖数: 273 | 23 Addition of South Africa to the former BRICS format seems to have galvanized
the grouping. The five countries agreed to expand use of their own
currencies in trade with each other - an important step toward putting the
dollar into a new downsized place. One key influence is the annual expansion
of China's trade volume with other core countries by 40% in 2010 - and the
buoyancy looks set to continue. The BRICS' state development banks,
including the China Development Bank, agreed to use their own... 阅读全帖 |
|
y***q
发帖数: 55 | 24 US President-elect Donald Trump railed against China in a series of tweets
on Sunday night, accusing the Asian giant of currency manipulation and
flexing its military might in the South China Sea.
"Did China ask us if it was OK to devalue their currency (making it hard for
our companies to compete), heavily tax our products going into their
country (the U.S. doesn't tax them) or to build a massive military complex
in the middle of the South China Sea? I don't think so!"
It was not clear what pro... 阅读全帖 |
|
a*****i
发帖数: 4391 | 25 http://uk.reuters.com/article/usTopNews/idUKTRE50O0JT20090125
By Ben Blanchard
BEIJING (Reuters) - Criticism that China is manipulating its currency is
misplaced, unfair,
unjust and being used an excuse for trade protectionism, a commentary by the
official
Xinhua news agency said on Sunday.
U.S. Treasury Secretary-designate Timothy Geithner said this week that
Beijing was
manipulating its currency exchange policies to gain an unfair trade
advantage, comments
already rebuked by China's central ba |
|
w****n
发帖数: 58 | 26 Copy from discovercard.com
Will I be charged a transaction fee when I make a purchase in a foreign
currency using my Discover Card?
No, Discover does not charge a foreign currency fee.
Also
http://www.cardhub.com/edu/foreign-transaction-fees/
Foreign Transaction Fee – Discover
As of Nov.6, 2011, Discover no longer charges foreign transaction fees for
any of its cards, all of which used to have 2% fees for foreign use.
Discover is currently accepted in 49 countries and territories outside of
the ... 阅读全帖 |
|
s*********8
发帖数: 901 | 27 The Commodity Futures Trading Commission has proposed rules that would
reduce the amount of borrowed funds that retail investors can use when
investing in the U.S. foreign-exchange market to as much as 10-to-1, from
the existing 100-to-1 for major currencies.
Under current rules, a customer putting up a security deposit of $1,000 in
cash will be able to trade a notional amount of $100,000, a common contract
size for currencies such as the dollar and the Japanese yen. The new rule
would cap that |
|
w**********2
发帖数: 764 | 28 Former Federal Reserve boss Alan Greenspan (left) made headlines this week
when he said gold is indeed a currency and noted that the euro was falling
apart, contradicting top officials on both sides of the Atlantic.
“Gold, unlike all other commodities, is a currency,” he told attendees at
a conference in Washington D.C. on August 23, saying he did not think the
precious metal was in a bubble despite recently reaching a new record above
$1900. And a flight to safety amid inflation fears is what’s... 阅读全帖 |
|
W***n
发帖数: 11530 | 29 Europe on the brink of currency crisis meltdown
The crisis in Hungary recalls the heady days of the UK’s expulsion from the
ERM.
By Ambrose Evans-Pritchard
Last Updated: 10:52AM GMT 26 Oct 2008
The financial crisis spreading like wildfire across the former Soviet bloc
threatens to set off a second and more dangerous banking crisis in Western
Europe, tipping the whole Continent into a fully-fledged economic slump.
Currency pegs are being tested to destruction on the fringes of Europe’s
monetary u |
|
a****l
发帖数: 141 | 30 we are going to cancun. I think it is better we get some Mexican currency
before we fly in. What is the best way to get some Mexican currency in US?
Thanks. |
|
m*****t
发帖数: 697 | 31 Anybody here familier w/ FAS 52? I got confused by the foreign currency
transaction gain/loss and FX translation.
Say, if an entity has loan receivable in foreign currency. Every month, it
accrues interest receivable. Interest receivable (using BS rate) is debited
and interest revenue (using IS rate) credited. The difference is booked to
FX transaction gain/loss. Does this all seem correct?? Thanks! |
|
l*******w
发帖数: 61 | 32 Wonder:
the company owns the bank deposit denominated in foreign currency?
or,
the company owns a CFC that has the bank deposit denominated in foreign
currency?
or,
something else? |
|
D*********h
发帖数: 209 | 33 Sorry about my lack of explanation. So let's say a USCo is a US C-Corp.
USCo wholy owns a Chinese company,CHCo, which is a CFC. CHCo's functional
currency is RMB.Therefore, the CHCo financial statement is kept in RMB. CHCo
for operating purpose has USD deposited in a checking account in China.
Therefore the USD the CHCo is holding is a nonfunctional currency. Under
SFAS 159 or whatever local chinese/IFRS accounting rule the USD bank deposit
is marked to market periodically. So if USD appreciate ... 阅读全帖 |
|
c*****i
发帖数: 51 | 34 very interesting topic.
could you tell me the detailed process of foreign investors investing
US stock market? They impact the exchane rate directly? or through
currency market?
Maybe because few stocks are issued in multiple currencies, the impact is
limited? |
|
b***k
发帖数: 2673 | 35 ☆─────────────────────────────────────☆
zhyue (态度决定一切) 于 (Tue Sep 25 13:48:00 2007) 提到:
can someone help me to understand how the currency basis swap is determined
given the forward interest rate environment and forward FX rate? For example
, I was perplexed by the change in 2Y Canada/US basis swap (CDBS2 Index) in
the last month. It shot up from 3-4 bps to 12 bps and retreated back to 8
bps. What are the drivers behind that? How should the currency basis swap be
valued in a no-arbitrage mo |
|
a******5
发帖数: 199 | 36 嗯，感觉好像没有太systematic的方法
还是说global macro fund像索罗斯那样，本来就是bet currency的，currency rate也
是total return的一部分？所以不用太精细的hedge? |
|
w**********y
发帖数: 1691 | 37 bet currency 当然会有这样的trade，那是直接trade FX, either cash or fwd or
futures. 跟你要hedge currency fluctuation是两件事情。不太见谁混在一起bet的。
比如，你总不能既看涨Euribor同时看跌欧元的时候才去买吧？ |
|
c**i
发帖数: 6973 | 38 Gregory Zuckerman and Neil Shah, Invetors Hazard Bold Bet on Yuan. Wall
Street Journal, June 22, 2011
http://online.wsj.com/article/SB100014240
52702304070104576399751829721080.html
("Their rationale: China's economy is a bubble waiting to burst")
Excerpt in the window of print: 'Good luck betting against a $3 trillion
reserve currency,' said George Papamarkakis
Note:
(a) hazard (vt): "VENTURE, RISK "
www.m-w.com
(b) Option (finance)
http://en.wikipedia.org/wik... 阅读全帖 |
|
|
g********n
发帖数: 4809 | 40 MORRISVILLE, N.C. – U.S. pressure on China to revalue higher its currency
– the yuan – is picking up allies from among executives in China.
The Chinese government has bitterly opposed efforts to let the value of the
yuan rise in value against the dollar.
However, in a series of recent interviews with Bloomberg news, a number of
Chinese executives have support appreciation in the yuan’s value.
Among them is Yang Yuanqing, chief executive officer at Lenovo, the world’s
No. 4 PC maker which bases m |
|
w*********s
发帖数: 2136 | 41 【 以下文字转载自 WorldNews 讨论区 】
发信人: whiteclouds (/ 参考消息 /), 信区: WorldNews
标 题: World currency revaluation under way?
发信站: BBS 未名空间站 (Sat Feb 5 19:14:18 2011, 美东)
http://www.youtube.com/watch?v=IncyFDTR9MA |
|
z**k
发帖数: 945 | 42 Whether Zhan Zhong successful or not
The goal has achievement. That is to disrupt HK as China's international
chinese
currency clearance house
Will see HK's housing market, stock market in long term decline if this
continue happening
China may speed up Shanghai, Shenzhen's role as free trade zone
and later directly appoint Governor after 2033 |
|
g***c
发帖数: 11523 | 43 CNBC Now (@CNBCnow)
3 mins ago
BREAKING: IMF exec. board agrees to include China's Renminbi in benchmark
SDR currency basket, cnb.cx/1Iw0HVO |
|
d*****s
发帖数: 5610 | 44 搞都搞固定汇率，资本自由流动的货币，搞台湾做什么？
现在搞香港有啥用，香港是currency board，没有自己的货币政策，完全和美元挂钩的
，97后又加强安全机制，搞香港没用的。 |
|
d*****s
发帖数: 5610 | 45 固定汇率和浮动汇率有区别的，浮动汇率反应市场均值.
台湾是浮动汇率，已经equilibrium了,除非你觉得你比市场更牛，否则你花大钱赌它做
什么？
香港是纯粹currency board，和一般固定汇率不一样,港币后面有100%美元支撑，你可
以想象香港用的就是美元，你用美元去attack美元作什么？ |
|
t*****a
发帖数: 5180 | 46 andrew jackson, "i killed the bankers", 是米疣的死敌．
今天ＮＰＲ也承认了，选２０刀下手，就是因为Jackson反对paper currency.
顺便跳动黑白撕逼更上一层楼． |
|
H*****8
发帖数: 225 | 47 Mr. Mallaby,
With all due respect, I have never seen a more stupid and self-conflicting
postion as being put forward by your article.
You should be well aware that the US dollar is the world's base currency,
and when the Fed lowered the US fund rate to 1% back in 2003, and held it
there for over a year, it created a huge chunk of "money" out of nowhere.
The US consumers borrowed like mad when they had access to this easy credit,
and spent the money on imported goods, many from China. This in tu |
|
t********b
发帖数: 128 | 48 does anyone know where to exchange currency in china or US (US$ to RMB). it'
s not huge amount, just for the expense in china. |
|
A********0
发帖数: 2 | 49 刚开始学习炒港股， 开户时本想选HKD作为base currency，感觉交易会方便， 但是
close account时候，貌似USD处理起来比较方便 （可以直接寄check）。或者说其实选
择什么都没区别？ 希望大家给点建议 多谢 |
|
F1
发帖数: 3146 | 50 【 以下文字转载自 Stock 讨论区 】
发信人: relaxman (nothing is important), 信区: Stock
标 题: Chinese currency exchange rate
发信站: BBS 未名空间站 (Sun Jul 17 22:09:22 2011, 美东)
something wrong with that? now 5.86 |
|
