Or just the natural result of expectations that China's demand for imported energy will soar in the future?  Probably a bit of both. China clearly has no particular desire to export democracy, or ev…

Not because Taiwan is reportedly intervening once again last week.   But because Asia holds lots of euros and yen.    The euro rose 2.4% against the dollar last week, the yen by 2.8%.  And Asia holds…

If you report their value to your boss in dollars.That seems to be the lesson China's State Administration of Foreign Exchange learned in 1999.   I alluded to this story in my last post, but it is to…

The Governor of the China's Central Bank said pretty much all the right things at Davos - at least from my point of view.    China does need to base its growth far more on domestic consumption.  And …

Up til now, the UAE's reserves were almost entirely in dollars.  Maybe not for much longer.  The euro hit a one month high on Monday against the yen and its best in a week versus the dollar after th…