VoyForums
[ Show ]
Support VoyForums
[ Shrink ]
VoyForums Announcement: Programming and providing support for this service has been a labor of love since 1997. We are one of the few services online who values our users' privacy, and have never sold your information. We have even fought hard to defend your privacy in legal cases; however, we've done it with almost no financial support -- paying out of pocket to continue providing the service. Due to the issues imposed on us by advertisers, we also stopped hosting most ads on the forums many years ago. We hope you appreciate our efforts.

Show your support by donating any amount. (Note: We are still technically a for-profit company, so your contribution is not tax-deductible.) PayPal Acct: Feedback:

Donate to VoyForums (PayPal):

[ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, [3], 4, 5 ]

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Date Posted: 19:42:51 2/09/23 Thu
Author: Jasper
Subject: I need a glass of water, this is hard to swallow.

.
China has dumped US Treasuries for a 7th straight month

China's holdings of US Treasuries fell to $967.8 billion in June, down from $980.8 billion in May, Treasury data showed Monday. Its holdings have dropped sharply from a year earlier, when they stood at $1.06 trillion.

Analysts have put forward various theories as to why China has slashed its bond holdings in recent months. Most suggest Beijing is trying to boost the yuan against the dollar, as it has become somewhat more nervous about holding US assets given the recent rise in geopolitical tensions.

Chris Turner, global head of markets at ING, believes the ongoing sell-off is probably driven by a desire to protect the value of the Chinese currency against its surging US counterpart.

https://markets.businessinsider.com/news/currencies/dollar-vs-yuan-china-dumps-us-bonds-treasuries-currency-geopolitics-2022-8

[ Next Thread | Previous Thread | Next Message | Previous Message ]

[ Contact Forum Admin ]

Forum timezone: GMT-5
VF Version: 3.00b, ConfDB:
Before posting please read our privacy policy.
VoyForums(tm) is a Free Service from Voyager Info-Systems.
Copyright © 1998-2019 Voyager Info-Systems. All Rights Reserved.