June 16, 2009
China Shed $4.4 Billion of US Treasuries in 1 Month - OR Not?
UPDATE: Brad Setser of the CFR analyzes Beijing's actions in US Treasuries and sees not a reduction in overall holdings but a slowing of purchases is evident.
Beijing sold near $4 and half billion (US) dollars worth of Treasury securities between March and April and the overall value of China's holdings fell for the first time in nearly a year to $763.5 billion.
Meanwhile, the Shanghai Cooperation Organization summit in Yekaterinburg, Russia, could be the most important meeting this year as China, Russia, and central and south Asia nations discuss moving their foreign exchange reserves into the IMF.....
Labels: currencies, dollar, strategic
# posted by Sinomania! : 6/16/2009 09:57:00 AM
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