BFM Podcast
China Deploys Dollars to Defend Yuan
Tan Chung Han, Market Analyst, FXTM
16-May-19 07:30
00:05 - Han Tan, Market Analyst at FXTM discusses China's reason for offloading US Treasury Notes in a move to defend its currency. Tan also discusses Chinese policymakers' tolerance range in the RMB/USD cross-rate and whether there are related ASEAN currencies that might depreciate in tandem with the Yuan decline.
05:47 - The Morning Run crew then discuss the escalating trade war, where America and US President Donald Trump has signed an executive order that’s expected to restrict Huawei and fellow Chinese telecommunications company ZTE Corp from selling their equipment in the U.S.
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After so many years of fake propaganda to increase Fed rate supporting artificial strong USD, see what happen now? US interest rate is still at super low level. Where is US Fed credibility? Now, change tone to cut rate instead?
2019-05-16 12:50
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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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China is doing the right thing! USD1Trillion US bonds to throw at his disposal. Too many idiots worldwide still support this toilet paper. wakaka
2019-05-16 12:43