Obama unlikely to push China hard on currency

In his visit to Beijing this week, President Barack Obama is expected to tread lightly when pressing China to let its currency rise against the dollar.

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The €uro is slightly over $1,50 this morning.

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"China's central bank yesterday released a rule permitting companies in select cities to settle cross-border trades using the yuan, as part of efforts to reduce reliance on the US dollar for international trade."

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BEIJING -- If you owe your bank $1,000 you have a problem, but if you've borrowed $1 million it's the bank that has the problem. Going by that old maxim, then China, which has lent the United States upwards of $1.3 trillion, has a very big problem.

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Professor Roubini, of New York University's Stern business school, believes that while such a major change is some way off, the Chinese government is laying the ground for the yuan's ascendance.

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The United States government is planning to revive a bill that will punish China for artificially boosting its trade through "currency manipulation".

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U.S. President Barack Obama needs to convince Americans to spend now and save later in order to get the U.S. economy back on solid footing.

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China is playing a growing role in discussions over solutions to current economic problems. Much of the talk has focused on money. Beijing has signed currency swap agreements with six central banks: Hong Kong, Indonesia, Korea, Malaysia, Belarus and most recently Argentina.

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Arkady Dvorkevich, the Kremlin's chief economic adviser, said Russia would favour the inclusion of gold bullion in the basket-weighting of a new world currency based on Special Drawing Rights issued by the International Monetary Fund.

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Scams, Schemes, Rip-Offs, Jawbones, Touts, Manipulations,.......and RED HERRING

I thought to put something together to try and keep track. Those of you who are more familiar with investing will know more about some of these terms. What I want to do here is try to explain what I call RED HERRING.

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chinese yuan currency December 2008

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The Bush administration had put some pressure but not much on China to appreciate their yuan. Will the Obama administration follow the same policy?

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The problem, he said, was not that Americans spend too much, but that foreigners save too much. The Chinese have piled up so much excess savings that they lend money to the United States at low rates, underwriting American consumption.

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don't know if China will travel down this road or how far the Beijing leadership will go. We're talking about venturing into unknown territory, and no one knows exactly how these changes would play out.

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A corrupt Chinese official has been condemned to death after a leaky toilet led to the discovery of his hoard of illicit cash.

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What effect will rising prices of Chinese goods have on the fortunes of Wal-Mart, the company most associated with benefiting from cheap Chinese imports? What effect will a weakening Wal-Mart with higher prices have on the general US economy.China's currency, the yuan, rose aga …

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Why American consumers are about to start paying more for clothes, electronics, toys, and just about everything else

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This summary is taken directly from the seeded article. "In November China will achieve a new milestone in its economic development when its total foreign exchange reserves reach $1 trillion." This seed is planted in a comment below the article Peak Oil ? - I don't care

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The Chinese yuan is under a type of managed floatation regime, but even so, it is clear that the Chinese central bank is fighting a losing battle against market forces: the pressure on the currency is up, with most analsyst agreeing that if freely floating, the currency could eas …

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Dec. 10 (Bloomberg) -- China's trade surplus probably held near a record in November, adding fuel to U.S. Treasury Secretary Henry Paulson's demands for faster yuan appreciation.

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With the dollar near record lows, more American investors are starting to think about whether it's time to start dabbling in the foreign currency exchange market. Experts have one piece of advice: Be careful.

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THE weather may be cold and wet, but in the rich world's financial markets it is beginning to feel like August all over again. Credit spreads have widened and shares are pitching from gloom to elation as investors look to the Federal Reserve for solace.

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China's reluctance to revalue its currency and the sliding dollar had also come under the spotlight at two-day summit of G20 members. The group agreed volatile and erratic currency movements were unwelcome.

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Every time the US dollar becomes less valuable, the Chinese currency becomes less valuable because it is tied to our dollar. The U.S. dollar has taken a bath on the price of oil and on world financial markets because of President Bush's policies.

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Americans shrugged off a supermodel rejecting dollars in favor of euros. But China? Whoa! That's another story... Read on as China learns to "speak Texan" and tells US all hell will break loose. Our Treasury Secretary's response is to sulk. Can this trade partnership be saved?

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The U.S. dollar fell to an all-time low Nov. 7. But in the complex world of currency markets, things are not always as they appear. While a dollar in the dumps might look like a stain on U.S.

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