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saxo bank market watch

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1 saxo bank market watch on Fri Apr 23, 2010 10:11 am

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I'm not posting the whole market article that saxo bank wrote...just the part about china....interesting


The Nine-Headed Risk Hydra Sprouts Two More Heads

Daily Forex Fundamentals | Written by Saxo Bank | Apr 22 10 21:25 GMT |


Watch out for a potential revaluation of the Chinese yuan tonight - something that could be a psychological game changer here after it has been so heavily discussed. The timing would be good for the Chinese to get this out of the way here ahead of the weekend's G-20 meeting, though we have no special insight into their thinking on this matter, and they might not decide to move for another month or more.
Stay careful out there.
Saxobank



EUR Pushed To Fresh 2010 Lows After Moody's Downgrades Greece

Daily Forex Fundamentals | Written by Saxo Bank | Apr 23 10 07:06 GMT |


There is increasing chatter about a possible Yuan revaluation ahead of the G20 meeting this weekend. Onshore 1-year Yuan forwards were trading at their lowest levels since mid-2008 as corporates (belatedly?) put some hedges on while their offshore counterparts were also under pressure. Given the continued rhetoric from China about not bowing to external pressure to revalue, we believe it is a very outside chance of it happening, certainly as China would view it as having no impact on the current EUR situation
Saxo Bank

2 Re: saxo bank market watch on Fri Apr 23, 2010 11:20 am

littlekracker


too cool..i hope they do..but this IS china we are talking about

3 Re: saxo bank market watch on Thu Apr 29, 2010 12:37 pm

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I thank for the information that you brought about.

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