The relationship between the United States and China is best described as a love-hate. American’s love Chinese goods and the Chinese love American treasuries but the political tensions are heating up as the new Treasury Secretary is taking a similar stance of Treasury Secretary’s before him– the Chinese currency is being manipulated and kept far too undervalued. Read more…
China is experiencing the same rate of inflation the United States is seeing due to its currency and its near peg to the US Dollar. Food and energy prices have gone up the at the fastest rate in the last 12 years. The consumer price index rose 8.7% since just last February. Read more…
For the past few months the US dollar has been falling to several currencies including the Japanese Yen (114.600). Currently the USD is at a 7 month low to the Euro (0.807087) and a 3 month low to the Yen. The fall is coming from the two year end of interest rates from the Federal Reserve and the way China under cuts their currency. Read more…
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