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Your search keyword '"RENMINBI"' showing total 2 results
2 results on '"RENMINBI"'

1. Our Currency, Your Problem.

Author

Ferguson, Niall

Subjects
*BUDGET deficits, *BALANCE of trade, *INTERNATIONAL trade, *RENMINBI, *DEFICIT financing, *BOND prices, *IMPORTS, *ECONOMICS, UNITED States economy, EXPORTS & economics
Abstract

Comments on the budget and trade deficits of the United States. Clarification of the difference between the budget deficit and the trade deficit; Percentage of the U.S. economy's borrowing requirement being met by mainly Asian banks; Support of the U.S. dollar by Chinese monetary authorities out of fear a fall of the dollar against the renminbi could negatively affect their export industry; Reasons why the administration of U.S. President George W. Bush depend on Asia's support, including the fact that it limits the price of U.S. imports from Asia, raises the price of U.S. Treasury bonds and supports Bush's recovery through low long-term interest rates.

Published
2005

2. Europe's Frustration Grows as Dollar Hits Another Low.

Author

Landler, Mark

Subjects
*U.S. dollar, *ECONOMIC policy, *FOREIGN exchange, *EURO, *INTERNATIONAL finance, *CENTRAL banking industry, *INTERNATIONAL economic relations, *NATIONAL currencies, *INTERNATIONAL trade, *DEFICIT financing, *BUDGET deficits, *INTERNATIONAL markets, *TWENTY-first century, *RENMINBI, *FINANCE, UNITED States economic policy, CHINESE economic policy, UNITED States politics & government, 2001-2009
Abstract

Focuses on warnings from Europe's financial policy makers about the dangers of a falling U.S. dollar, as it sank to a new low against the euro. Significance of the latest currency swing; Europe's frustration over the devaluation of the dollar, the world's leading currency; Views of European financial and political leaders, including German Chancellor Gerhard Schröder; Possible intervention by the European Central Bank; Skepticism of currency traders that the bank will intervene; China's reluctance to let its currency, the yuan, float against the dollar or other currencies; Issue of America's growing budget deficit and trade gap with Asia; Outlook.

Published
2004

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