CHINA Nail in the Coffin of US Dollar: What's Going On?

[LaoTze]

CHINA Nail in the Coffin of US Dollar: What's Going On?​

 

[k1976]

Homepage


Subscribe

Economy

The US economy could get hit by a double whammy on September 30, if 2 major negotiations are not hammered out​

Erin Snodgrass
Sep 20, 2024, 8:16 AM GMT+8
Share

Save

Read in app

Left: AP Photo/Luca Bruno Right: AP Photo/Matt Rourke

• If Congress doesn't pass a stopgap bill by September 30, there will be a partial government shutdown.
• East Coast and Gulf Coast ports will also shut down if a union contract isn't renegotiated by the same date.
• If either — or both — were to happen, the US economy would take a hit ahead of the 2024 election.

 

[k1976]

A $6 Trillion FX Pile Is Asia’s Shield From Resurgent Dollar​

• Asian currencies slumped in October amid dollar strength
• India, Thailand, Philippines rank high in reserve adequacy

By Subhadip Sircar and Swati Pandey
1 November 2024 at 7:00 AM SGT
Save
Translate

A $6.4 trillion foreign-exchange reserve pile in Asia is giving investors confidence that central banks have the ammunition to fight the dollar’s strength stemming from the US presidential election.

Asian currencies have come under pressure in October, as rising odds of a Donald Trump presidency and uncertainties over the pace of the Federal Reserve’s easing bolstered the greenback. A Bloomberg index of the region’s currencies just had its worst month since February 2023, with the Indian rupee near its weakest ever and South Korea’s won close to a three-month low.

 

[k1976]

Behind the numbers: Is Singapore really Vietnam’s top FDI source?​

Much of the capital flows from multinationals, increasingly from China, go through the city-state as a gateway

Jamille Tran ​

Published Fri, Nov 1, 2024 · 05:00 AM
Vietnam

• 
  
• 
  
• 
  
  
  
• 
  

• Beyond favourable trade terms, Vietnam’s lower labour costs and more stable trade environment have made it an increasingly attractive investment destination compared to China. EPA-EFE
• Beyond favourable trade terms, Vietnam’s lower labour costs and more stable trade environment have made it an increasingly attractive investment destination compared to China. EPA-EFE
• Beyond favourable trade terms, Vietnam’s lower labour costs and more stable trade environment have made it an increasingly attractive investment destination compared to China. EPA-EFE
• Beyond favourable trade terms, Vietnam’s lower labour costs and more stable trade environment have made it an increasingly attractive investment destination compared to China. EPA-EFE
• Beyond favourable trade terms, Vietnam’s lower labour costs and more stable trade environment have made it an increasingly attractive investment destination compared to China. EPA-EFE

[HANOI] With global supply chains realigning and US-China tensions intensifying, Singapore has become Vietnam’s top investor, acting as a strategic conduit for capital from multinationals in China, Europe, and the United States through their regional headquarters in the city-state.
Singapore’s robust regulatory and financial frameworks have drawn unprecedented amounts of capital, especially from mainland China, as companies look to invest in South-east Asian countries to reduce dependence on Chinese markets and bypass trade tariffs.
According to Deloitte’s Doing Business in Vietnam 2024 report, Singapore led total foreign direct investment (FDI) inflows into Vietnam during the 2019-2023 period, averaging a 23 per cent share, followed by South Korea, Japan, Hong Kong, and mainland China.

 

[congo9]

China is not going to make it !

 

[k1976]

Malaysian ringgit set for biggest monthly decline since 2015​

Published Wed, Oct 30, 2024 · 04:00 PM
Ringgit

• 
  
• 
  
• 
  
  
  
• 
  

• The ringgit is down more than 6 per cent against the US dollar in October, putting it on pace for its biggest monthly loss since August 2015. PHOTO: BLOOMBERG
• The ringgit is down more than 6 per cent against the US dollar in October, putting it on pace for its biggest monthly loss since August 2015. PHOTO: BLOOMBERG
• The ringgit is down more than 6 per cent against the US dollar in October, putting it on pace for its biggest monthly loss since August 2015. PHOTO: BLOOMBERG
• The ringgit is down more than 6 per cent against the US dollar in October, putting it on pace for its biggest monthly loss since August 2015. PHOTO: BLOOMBERG
• The ringgit is down more than 6 per cent against the US dollar in October, putting it on pace for its biggest monthly loss since August 2015. PHOTO: BLOOMBERG

MALAYSIA’S currency is on course for its worst month in more than nine years, as investors scale back on risk assets amid concerns over the US election.
The ringgit is down more than 6 per cent against the US dollar in October, putting it on pace for its biggest monthly loss since August 2015. The ringgit traded at 4.39 per dollar on Wednesday (Oct 30).
The renewed strength in the dollar is battering Asian currencies, almost all of which have come under heavy pressure in October as traders reassess the pace of Federal Reserve interest rate cuts and avoid risky assets in the run-up to the US election.

But the ringgit is partly a victim of its own success: a 14 per cent appreciation against the dollar in the last quarter, which made it Asia’s best performer, ensured there was room for a correction this month, according to OCBC.
“The previous gain was significant; therefore there’s more room for corrective play,” said Christopher Wong, a currency strategist at OCBC in Singapore. “The ringgit’s sensitivity to the yuan and the yen is also one of the highest in the region, which helps explain why it is suffering more than the rest.”
The Japanese yen is the only currency across Asia that has performed worse than the ringgit this month, losing around 6.3 per cent of its value against the dollar. China’s offshore yuan has depreciated around 2 per cent against the dollar.

 

[k1976]

China is not going to make it !

No worries. China has a very thick buffer, but other BRIC jiu very hard to say ler

 

[syed putra]

China Short only usd100 billion? Wall Street can muster much more and wallop the money. It's like a Hornets nest. They all gang up against outsiders.

 

[syed putra]

Malaysian ringgit set for biggest monthly decline since 2015​

Published Wed, Oct 30, 2024 · 04:00 PM
Ringgit

• 
  
• 
  
• 
  
  
  
• 
  
• 
  
• The ringgit is down more than 6 per cent against the US dollar in October, putting it on pace for its biggest monthly loss since August 2015. PHOTO: BLOOMBERG
• The ringgit is down more than 6 per cent against the US dollar in October, putting it on pace for its biggest monthly loss since August 2015. PHOTO: BLOOMBERG
• The ringgit is down more than 6 per cent against the US dollar in October, putting it on pace for its biggest monthly loss since August 2015. PHOTO: BLOOMBERG
• The ringgit is down more than 6 per cent against the US dollar in October, putting it on pace for its biggest monthly loss since August 2015. PHOTO: BLOOMBERG
• The ringgit is down more than 6 per cent against the US dollar in October, putting it on pace for its biggest monthly loss since August 2015. PHOTO: BLOOMBERG

MALAYSIA’S currency is on course for its worst month in more than nine years, as investors scale back on risk assets amid concerns over the US election.
The ringgit is down more than 6 per cent against the US dollar in October, putting it on pace for its biggest monthly loss since August 2015. The ringgit traded at 4.39 per dollar on Wednesday (Oct 30).
The renewed strength in the dollar is battering Asian currencies, almost all of which have come under heavy pressure in October as traders reassess the pace of Federal Reserve interest rate cuts and avoid risky assets in the run-up to the US election.

But the ringgit is partly a victim of its own success: a 14 per cent appreciation against the dollar in the last quarter, which made it Asia’s best performer, ensured there was room for a correction this month, according to OCBC.
“The previous gain was significant; therefore there’s more room for corrective play,” said Christopher Wong, a currency strategist at OCBC in Singapore. “The ringgit’s sensitivity to the yuan and the yen is also one of the highest in the region, which helps explain why it is suffering more than the rest.”
The Japanese yen is the only currency across Asia that has performed worse than the ringgit this month, losing around 6.3 per cent of its value against the dollar. China’s offshore yuan has depreciated around 2 per cent against the dollar.

Anwar not reform minded. In fact some of subsidies already abolished by Najib now making a come back. Whatever was in the manifesto not implemented. Like the last few gomen never changed. They all stick to same useless Dr m policies. Which was why all got voted out. Anwar doing same mistake.

 

[k1976]

China Short only usd100 billion? Wall Street can muster much more and wallop the money. It's like a Hornets nest. They all gang up against outsiders.

how can u beat AMDK when u are still in USD financial system, that is why China try to push CIPs to BRIC, the game is still very early

 

[congo9]

But your yuan also vulnerable.
You don't let your Yuan to be floated freely.

If you just have bide your time, you just grow your people wealth and stop being production mindful and become more of the consumption nation. You can easily be the best manufacturing nation around and one of the strongest consumer nation. In no time ,with your massive population china will be the biggest nation earth.

Just remember US and Indonesian combined is just nowhere near China's population.

 

[congo9]

You have the best brain around and your Chinese people still produce like rabbit. China PRC will rule the world ik quantity and quality.

 

[Willamshakespear]

1. In august, there was a financial turmoil over 'carry trade' issues - borrowing Yen to finance gambles. Many of depositors were worried, but so long as they kept to their long term investments strategy with Blue Chip stocks, they survived, while those who invested in penny stocks suffered heavily when such 'House' manipulated & pulled the plug thru short selling methods, laughed all the way to the banks.


2. In October, which is a SEASONAL worrisome time for stock markets, as such is the time whereby even blue chip stocks would sell off stocks to pay off year end dividends, bonuses for workers, close the books for the financial year, etc, such worries did not happen as Wall St & US Aunty Yellen - SecTreasury & Powell - Fed Reserve, anticipated such actions & lowered interest rates....to entice biz & entrepreneurs to expand their biz in such times. Money is better circulated than to leave in vaults to rot...



3. Now is Nov 2024. A worrisome factor on gambling stocks such as Bitcoin is on the rise. Bitcoin is NOT backed by anything. Worse, it is claimed that the ones who created Bitcoin was not the Japanese Satoshi Nakamoto, but were alleged to be a Chinese Intelligence team from China....

https://bitcoinworld.co.in/kyle-bass-btc-created-by-chinese-intelligence/


As Bitcoin is a gambling stock, it was only months ago that it was $35,000 per coin. But today, it had already surpassed $70.000....So WHO is pushing up this gambling stock, & are only awaiting to short sell - selling a worthless gambling coin for ANY USD or Local currency that is honored for purchases anywhere in the World, but the fool who invested in that coin is left with...a mere coin when its value drops to $0?

Except the very ones whom SOLD HIGH will buy it $0 or slightly pennies higher to fool further naive to PUSH up the coin again, whom think that they can get rich quick without hard & smart work but sadly proven time & time again, to be fooled & used by others for their personal gain. It's nothing more than a gambling stock, a scam anyway..

Leak Reveals A $1.4 Trillion China Earthquake Could Be About To Hit Crypto As The Bitcoin Price Soars Over $70,000​

https://www.forbes.com/sites/digita...crypto-as-the-bitcoin-price-soars-over-70000/

 

[k1976]

You have the best brain around and your Chinese people still produce like rabbit. China PRC will rule the world ik quantity and quality.

Provided 中国人不打中国人

 

[k1976]

Louis Vuitton’s flagship store in Beijing has yet to open.
Photographer: Na Bian/Bloomberg
Industries
Consumer

LVMH’s Empty Chinese Megastore Signals Deepening Luxury Crash​

Upmarket brands are scrambling to adjust strategy after being wrongfooted by the rapid downturn in Chinese spending.


By Bloomberg News
4 November 2024 at 7:48 AM SGT

When LVMH CEO Bernard Arnault toured China in June last year, he visited a five-story site in Beijing where the company’s top brand Louis Vuitton planned to open its flagship store in the first half of 2024.
More than a year later, the building remains fenced off. The store may not open until as late as next year, according to people familiar with the matter.
Have

 

[congo9]

Sad reflection of time to come.

 

[superpower]