Last week, China revealed that in the most recent quarter, its economy grew at the slowest pace in nearly five years. It also revealed that its foreign exchange reserves crossed $1.9 Trillion, due to a record monthly trade surplus. How can this seeming contradiction in economic peformance be reconciled? In my opinion, the Chinese economy [...]

The greenback was weaker across the board on Wednesday, falling to 1.5863 against the euro and 1.9790 versus the sterling. Commodities and energy rebounded with spot gold firming to $933 per ounce and crude oil rallying to a new high above $111 per barrel at $111.83.
The dollar continues to trade lower amid heightened expectations [...]