Saturday, March 15, 2014

SATURDAY 3/15/14; PBOC Increases Yuan Trading Band

Malaysian authorities say that missing Flight 370 was likely hijacked. Wirelessly-transmitted data indicates the plane made a dramatic and erratic altitude change higher then lower and then a sustainable path at low altitude eluding radar. The mystery continues and fear over terrorism remains until wreckage is found. The PBOC is increasing the yuan trading band from 1% to 2%. The move allows the yuan to trade 2% above or below the midpoint set by China on a daily basis. China wants to create more two-way currency volatility as a step towards a free-floating currency in the future. The wider band was expected....





[Text is Redacted: Purchase March 2014-03 to Read the Complete Chronology]







Russian troops are pushing north from Crimea into Ukraine and seize control of a gas distribution plant. The Crimea region is in lock down ahead of the vote. The Ukraine Army is confined to their bases with Russia in firm military control. The push into Ukraine can be considered a troubling escalation of the Ukraine turmoil. The West does not provide opposition to Putin, however, so he continues to take more of Ukraine without resistance.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.