Swimming The ‘Dollar’ Current (And Getting Nowhere)

By |2017-09-19T12:29:47-04:00September 19th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The People’s Bank of China reported this week that its holdings of foreign assets fell slightly again in August 2017. Down about RMB 21 billion, almost identical to the RMB 22 billion decline in July, the pace of forex withdrawals is clearly much preferable to what China’s central bank experienced (intentionally or not) late last year at ten and even [...]