China and Australia Set to Cut Dollar out of Trade - April 1, 2013 23:07

I’ve been saying for a long time that the Petrodollar system will not die all at once.  It will do so by a thousand tiny cuts.  In the past 18 months or so China has signed more than 30 bilateral trade or currency swap agreements with countries around the world.  Last year the big one […]

China, Japan Do the QE Thing While U.S. Markets Sleep - October 31, 2012 20:45

On Monday the Bank of Japan announced another addition to their near-limitless QE program, Â¥11 trillion to be precise.  The market was hoping for Â¥15 trillion and as such the Yen promptly rose by 40 basis points.  This is what passes for markets these days.   The front-running of what traders expect central banks to do […]

Yuan Hits All-Time High Vs. The Dollar - October 11, 2012 23:20

Slowly but surely the Federal Reserve and the U.S. Treasury Department are getting what they want, a weaker U.S. Dollar (AMEX:UUP).  If you were to watch the trade-weighted USDX you might not see it as it is being managed on practically a tick for tick basis these days.  Headlines are timed to ensure that the […]