Chinas foreign exchange reserves
currently approximate $1.5 Trillion, the majority of which is
denominated in USD.  Moreover, the Central Bank of China earns
interest on every Dollar it adds to its reserves but must also pay
interest on every RMB note that it must issue to offset the Dollars.
Sinc...




This article is courtesy of Forex Blog
Carry Trade Basket Performance Update: 710 pips loss + $121 Interest received | Adjusting to Life at Parity | US Dollar / Japanese Yen Technical Levels

Add to Google
Technorati tags: currency trading • forex • gbp • money market • pips • us dollar
Flickr tags: currency trading • forex • gbp • money market • pips • us dollar
Tags: currency trading, forex, gbp, money market, pips, us dollar
Categories: Forex News
Add To My Favourites