China more than doubled South Korean debt holdings this year, spurring the notes' longest rally in more than three years, as policy makers shifted part of the world's largest foreign-exchange reserves out of dollars.
Read the story here
Wednesday, August 18, 2010
China doubles South Korean bond holdings as Asia switches from USD
Guess what China was doing when the USD rallied from March to June? It was busy selling Treasuries for USDs and then selling the USD into strength in order to acquire Korean Bonds.
China more than doubled South Korean debt holdings this year, spurring the notes' longest rally in more than three years, as policy makers shifted part of the world's largest foreign-exchange reserves out of dollars.
Read the story here
China more than doubled South Korean debt holdings this year, spurring the notes' longest rally in more than three years, as policy makers shifted part of the world's largest foreign-exchange reserves out of dollars.
Read the story here
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