“China should stop buying U.S. Treasuries and take steps to reduce its holdings in those bonds, a Hong Kong newspaper on Tuesday quoted a high-ranking Chinese official as saying.”
“The dollar was little changed against the yen in Asia Tuesday as gains from seasonal Japanese buying of foreign assets were erased by concerns over a report suggesting China might cut its U.S. Treasury holdings.”
I was wondering when this was going to happen…Something to watch.
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