How the US and China could end up trading their own currencies

Feds want to put the brakes on foreign exchanges.The Fed and Treasury have been pushing to impose a global moratorium on currency swaps.They want to avoid a repeat of the 2008 financial crisis, which caused a $200 trillion spike in the value of US Treasury bills and the collapse of US stocks and bond yields.In […]

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Why are foreigners buying foreign currency on FX markets?

The FX markets have had a rough time this year.It is still unclear why the market is so sensitive to the yuan devaluation.And it is unclear why it is so volatile.In a recent interview with CNBC, Bank of America Merrill Lynch senior FX strategist and FX strategist Adam Zirkelbach said, “I don’t know how much […]

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Why are foreigners buying foreign currency on FX markets?

The FX markets have had a rough time this year.It is still unclear why the market is so sensitive to the yuan devaluation.And it is unclear why it is so volatile.In a recent interview with CNBC, Bank of America Merrill Lynch senior FX strategist and FX strategist Adam Zirkelbach said, “I don’t know how much […]

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