Create an Account
username: password:
 
  MemeStreams Logo

China Move Could Counter Fed’s Efforts

search

w1ld
Picture of w1ld
My Blog
My Profile
My Audience
My Sources
Send Me a Message

sponsored links

w1ld's topics
Movies
Music
Business
  Industries
   Tech Industry
   Telecom Industry
  Management
  Markets & Investing
Games
Health and Wellness
  Fitness
Miscellaneous
  Humor
Current Events
Recreation
  Cars and Trucks
Local Information
  United States
   Tennessee
    Nashville
Science
Society
  Economics
  Politics and Law
Sports
  Golf
Technology
  Computers

support us

Get MemeStreams Stuff!


 
China Move Could Counter Fed’s Efforts
Topic: Markets & Investing 8:15 pm EST, Nov 19, 2010

HONG KONG — China’s central bank unexpectedly announced on Friday night that it would require commercial banks to set aside a bit more money. It was the second such move by Beijing this month and the clearest sign yet that China means to counter the Federal Reserve’s monetary easing in the United States.

But economists were quick to point out that the Chinese central bank had chosen a policy stance particularly well suited to holding down the value of the renminbi against the dollar, at a time when the Federal Reserve was trying to increase the supply of dollars by buying longer-denominated Treasuries.

--

The currency wars have started

China Move Could Counter Fed’s Efforts



 
 
Powered By Industrial Memetics
RSS2.0