Archive for August 16th, 2010

Deeper Analysis

Treasury-Reported International Capital Data Illuminate Two Paradoxes

August 16, 2010

According to the release of Treasury Department TIC flow data, Chinese holdings of Treasury securities fell by 24.0 billion in June and were $51.5 billion lower at midyear than at the end of April.  This news comes after a night of stories out of Asia that Chinese officials are discretely diversifying the country’s reserve portfolio […] More

New Overnight Developments Abroad - Daily Update

Dollar Slips Against Yen, Euro, and Swiss Franc

August 16, 2010

The dollar lost 1.3% against the Swissy, 0.7% relative to the yen and 0.5% versus the euro.  The greenback is steady against the Canadian dollar and sterling but up by 0.5% against the kiwi, 0.2% against the Australian dollar and 0.1% versus the Chinese yuan, which has retreated past 6.8000 per dollar. Market chatter about […] More