I'm wondering why China is dumping that huge sum of dollars in Treasury.
What's their aim? Is it dragging us dollar that bad?
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I'm wondering why China is dumping that huge sum of dollars in Treasury.
What's their aim? Is it dragging us dollar that bad?
Probably because they believe that the dollar ( and all US bonds) will drop in value. So, they're trying to get rid of as much as they can, without dumping so much that the price drops.
Well dollar is not dropping that fast I suppose. Why the rush from China. Unless dollar is facing a threat that only the few know about. It can be seen in their actions cause of their quickness in dumping huge sums if dollars in their treasury