Greenspan: China could be forced to limit dollar buys

verfasst von Helmut, 02.03.2004, 18:36

-->12:31pm EST 03/02/04

Greenspan: China could be forced to limit dollar buys By Corbett B. Daly

WASHINGTON (CBS.MW) -- China could be forced to limit its dollar purchases to avoid excessive economic growth, Federal Reserve Board Chairman Alan Greenspan warned Tuesday."China's central bank purchases of dollars, unless offset, threaten an excess of so-called high-powered money expansion and a consequent overheating of the Chinese economy," Greenspan said in prepared remarks to the Economic Club of New York. And if the Chinese did limit their purchases of the greenback, the value of the Chinese renminbi, also known as the yuan, could rise in the short-term."Lesser dollar purchases presumably would allow the renminbi, at least temporarily, to appreciate against the dollar," Greenspan said. China has fixed its currency at roughly 8.3 yuan to the dollar since 1994, and the issue is a politically sensitive one for politicians in Washington during a presidential election year.

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gesamter Thread:

• Greenspan: China could be forced to limit dollar buys - Helmut, 02.03.2004, 18:36
  • Greenspan: China could overheat - Helmut, 02.03.2004, 18:40
    • Greenspan derzeit live auf CNBC (o.Text) - Helmut, 02.03.2004, 18:43
      • ...und auf Bloomberg-US Livestream: - Helmut, 02.03.2004, 18:50
        • Fed/Greenspan: Yen-Kurs erscheint"erhöht" gegenüber Dollar - Helmut, 02.03.2004, 19:48
          • "Zudem verzögerten die Eingriffe nötige Anpassungen der Wechselkurse!!" (o.Text) - alberich, 02.03.2004, 19:59
          • Re: Fed/Greenspan: Yen-Kurs erscheint"erhöht" gegenüber Dollar - MC Muffin, 02.03.2004, 20:52
            • Re: Fed/Greenspan: Yen-Kurs erscheint"erhöht" gegenüber Dollar - Emerald, 02.03.2004, 21:03
              • Das kann ich nur bestätigen, mein $-Put ist ganz einfach verdampft:-( - LenzHannover, 03.03.2004, 22:16
  • Re: Was folgt daraus für den Dollar? - Theo Stuss, 02.03.2004, 19:49
    • Naja, die chin. ZB wird letztlich *China-intern* buchen können, wie se will. - LenzHannover, 03.03.2004, 22:10