See what's driving the bid and ask in the forex market with the daily "Morning Currency Wrap". Keep up to date with the geopolitical events that are on a trader's mind. Learn about the current trading themes and occasionally pick up a trade call.
China Has Lost Over $100 Billion on their US Treasurys
Our good friends at ZeroHedge have calculted that China has lost over $100 billion of purchasing power on their more than $800 billion worth of US Treasury holdings. So the question is: how much longer will Beijing tolerate the USD devaluation by Ben Bernanke?
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