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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: roto who wrote (10465)	10/30/2020 11:53:45 AM
From: ajtj99	Read Replies (1) \| Respond to of 96624

Oh, roto, it's basically back to where it was a couple years ago. For years, I charged a "currency adjustment factor" to customers to offset currency swings on things like the NTD (Taiwan Dollar). They liked it, because it smoothed the currency swings by pegging to a specific level. Sometimes it would result in a discount, and sometimes it would result in an upcharge. Either way, my customers were competitive and happy.

To: roto who wrote (10465)	10/30/2020 12:45:01 PM
From: Sun Tzu	2 Recommendations Recommended By ajtj99 KevinKT Read Replies (1) \| Respond to of 96624

China has been encouraging short selling of RMB :-O. They really are not happy with it going so high, but ironically they have been reluctant to open up their bond and currency markets because of the US. The opening will happen (at a moderate rate) because they don't have a choice. It may surprise you to know that China (including HK) has been the number one IPO market of the world this year; 54% of global IPO capitals have poured into Chinese stock markets. Furthermore, the opening will help protect them against volatility. When China opens their bond markets, the treasuries will take a serious hit and the Fed will be forced to buy more. Somewhere in their thinking, China must be worried about US imposing capital restrictions on investments in China and possibly refusing to honor the $1T in treasuries that China holds. I think this is as much if not the greater incentive for them in "manipulating" their currency than their current account. But once they make up their mind and start opening up, it will be the beginning of the end of USD as a reserve currency and that will make a huge dent on the treasuries.