Tuesday , January 25 2022
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Tag Archives: Renminbi

Dollar Buying Continues…

A Pfennig For Your Thoughts November 17, 2021 * Currencies & metals get sold on Tuesday… * China surpasses the U.S. as wealthiest nation…  Good Day… And a Wonderful Wednesday to you! Our Blues played last night and lost their 4th game in a row. UGH!   And my St. Louis U. Billikens Basketball team played last night and they found out that they are not ready for prime time… UGH!  I had a long conversation yesterday, with good friend, Dennis Miller… He sounded much better than the last time...

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The Dollar Bugs Fight Back!

A Pfennig For Your Thoughts April 13, 2021 * Currencies & metals lose ground on Monday * Yellen says China is not a currency manipulator!  Good Day… And a Tom Terrific Tuesday to you! Well, I do believe the pool deck workers have finally finished, but we can’t walk on it until tomorrow… That means I have to find a different place to sit out and read… My beloved Cardinals are proving me to be correct, with my Spring Training thoughts about how they can’t hit… They are in need of a Big...

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Bond Yields Are Rising… A Sign Of Caution?

A Pfennig For Your Thoughts February 16, 2021 * Currencies & metals have a rough end of the week…  * But the overnight markets, last night, bring about dollar selling!  Good Day… And a Tom Terrific Tuesday to you! Well, I sure hope you had a nice weekend… I’ve heard from folks back in the MidWest, and they didn’t have a nice weekend, as frigid cold temps and multiple inches of snow put the kyboshes on most Valentine’s Day celebrations… My darling daughter Rachel was kidding when she...

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Safe Havens Come Bank With A Vengence!

A Pfennig For Your Thoughts January 27, 2020 * Currencies have an awful day on Friday… * Gold is kicking tail and taking names later! Good Day… And a Marvelous Monday to you! As I left you last week, I said I didn’t know if I would get a letter out today, as I have an early appt. at the wound center this morning. But… I was able to get a lot of my thoughts down last night, and so, only the overnight markets are left for me to peruse and write about today… We had some real Chamber of Commerce...

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U.S. Removes “Currency Manipulator” tag from China

A Pfennig For Your Thoughts January 14, 2020 * Currencies move sideways throughout the day and night… * Gold gets whacked again! UGH! Good Day… And a Tom Terrific Tuesday to you! A not so great night, as LSU beat Clemson in the NCAA National Championship Game last night. I say that because my good friend, Rick B. is a diehard Clemson fan… But our Blues won! And extended their new winning streak to 4 games, all at home, with one more home game in this 5-game homestand… I got to my wound center...

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The Dollar’s Reign As The Global Reserve Currency Is Running Out – Fast

The dollar’s hegemony over the global financial system can’t last forever. Like all things, it will eventually come to an end. The only question left, as MacroVoices' Erik Townsend puts it, is whether we’re in the second inning and there’s going to be another hundred years of the dollar serving as the world’s global reserve currency? Or whether we’re in the bottom of the ninth and it’s all about to fall apart? Or maybe somewhere in between. In an interview with Jeffrey Snider, CIO at Alhambra...

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US Tax Cut and Rate Hikes Threaten China Currency

Authored by Valentin Schmid via The Epoch Times, Seven was the line in the sand. But the Chinese yuan never crossed that line vis-à-vis the U.S. dollar. It only crept up to 6.96 yuan per dollar on Dec. 16, 2016, before starting an impressive comeback, down to 6.5 in the middle of this year. Last year was a bad one for the Chinese economy. Growth was slow, and the world was worried China would finally land the hard way, as many have been predicting for years. And more than GDP growth or any...

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2018: The Year Central Banks Begin Buying Cryptocurrency

Authored by Eugene Etsebeth via CoinDesk.com, Behind closed doors, G7 central banks are sluggish traders that buy and sell the same foreign currencies, marketable securities, special drawing rights (SDR) and gold day in and day out. Central bank traders follow the investment policy enforced by the executive committees with specific asset allocation targets. In order of importance, the objective for foreign reserves trading generally is liquidity, security and returns (in last place)....

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This Cycle: It’s Not The Economy, It’s China, Stupid!

Authored by Kevin Muir via The Macro Tourist blog, I know everything is fan-freaking-tastic - with the tax reform bill and global synchronized expansion and all. I figure the last thing you need is some nattering naysayer throwing cold water on this unbelievable party, so I won’t. At least not for the short run. This rally will end when it ends. Maybe tomorrow, maybe next week, maybe next month, maybe next year. I don’t know and every time I try to guess, I just end up looking foolish. But I...

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S&P Futures Hit Record High As European Euphoria Takes Over Forgotten China Rout

Yesterday's China stock market rout, in which the Shanghai Composite tumbled the most since June 2016 to three month lows, and which prompted traders to question the dedication of Beijing's plunge protection team, appears to have been forgotten, with the Composite closing unchanged on Friday after some early session weakness, as Chinese yields declined broadly across the board from 3 years highs. As a result, world stocks hovered just below record highs, and set to reverse two straight weeks...

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