donderdag 10 mei 2012

China pegging CNY to USD once again

Since the European crisis, which started end 2011, the Chinese have been reverting their policy once again. Basically, they are pulling their money out of Europe and putting it in the United States. China is already starting to stop buying European debt. Instead they are accumulating U.S. debt and gold.

Go here to read the full analysis: China is pegging the CNY to the USD once again.

China U.S. treasury holdings
Chart 1: China U.S. treasury holdings (billion USD)

Chart 2: Exchange rate USD/CNY

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