RMB Revaluation

Essay specific features

 

Issue:

Business

 

Written by:

Kim H

 

Date added:

August 20, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

7 / 1763

 

Was viewed:

5602 times

 

Rating of current essay:

 
Essay content:

The revaluation immediately makes prices of commodities such as oil 2.5% cheaper for the Chinese. China's move has many consequences for all of the financial markets. The most significant of which will probably be in US treasuries. China is the world's second largest holder of US treasuries. China's revaluation and move to a basket float significantly reduces their need for US treasuries and could potentially take away a big buyer from the market...
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China's revaluation and move to a basket float significantly reduces their need for US treasuries and could potentially take away a big buyer from the market. If this is the case, it will cause bond prices to decrease and long-term yields to rally, which could offset some of the additional pressure on the Federal Reserve to continue raising rates...
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