Currency war

China Dumps U.S. Debt To Prop Up Its Currency

by

China has lost its crown as the United States’ biggest overseas creditor. That title now belongs to Japan. Beijing has been dumping U. S. government debt to prop up its currency. China uses the dollars it gets from selling U.S. Treasuries to buy the yuan, which has sunk to an 8-year low as the world’s … Read more

Dollar At Nine-Month High On Bets For Fed Hike, Clinton Victory

by

The dollar hit a nine-month high against a basket of currencies on Monday, buoyed by expectations that the Federal Reserve will raise U. S. interest rates this year and that Donald Trump will not become the U.S. president. After three straight weeks of gains, the dollar index – which tracks the greenback against a basket … Read more