Holger Zschaepitz (@schuldensuehner) 's Twitter Profile
Holger Zschaepitz

@schuldensuehner

Holger Zschäpitz is market maniac @Welt and Author of 'Schulden ohne Sühne?' a book on states' addiction to debt. Pics: instagram.com/schuldensuehner

ID: 40129171

linkhttp://www.welt.de/autor/holger-zschaepitz/ calendar_today15-05-2009 00:26:19

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Holger Zschaepitz (@schuldensuehner) 's Twitter Profile Photo
Holger Zschaepitz
@schuldensuehner

14 days ago

Chinese banks have built a $100bn short against the US dollar to prop up the yuan — and hedge funds are eager to get in on the trade. At the center of it all are transactions known as FX swaps. These have quietly become a key tool for state-run Chinese banks seeking to prop up

Chinese banks have built a $100bn short against the US dollar to prop up the yuan — and hedge funds are eager to get in on the trade. At the center of it all are transactions known as FX swaps. These have quietly become a key tool for state-run Chinese banks seeking to prop up