ECB Foreign Exchange Reference Rates - Sep 09
Following are European Central Bank foreign exchange reference rates. All currencies are quoted against the euro. US Dollar USD 1.1652 Japanese Yen JPY 178.59
ECB Foreign Exchange Reference Rates - Sep 04
Following are European Central Bank foreign exchange reference rates. All currencies are quoted against the euro. US Dollar USD 1.1622 Japanese Yen JPY 181.59
Germany's Competitiveness: Deepening Dependence, Weakening Leverage
Key View: Germany’s trade deficit with China is expanding rapidly, and its dependence on China has increased significantly. As China has become Germany’s largest supplier of goods, the bilateral trade deficit with China has widened sharply. Although German exports performed better than expected in the first half of 2026, China has slipped from being the third-largest destination for German exports in 2019 to the sixth. This shift not only reflects the dampening effect of weak domestic demand in China on imports, but also stems from deeper structural factors: policy-supported industrial expansion in China and increasing product overlap, which have led to direct competition with Germany in key industrial sectors. Industrial overlap and supply chain vulnerability constitute
ECB Foreign Exchange Reference Rates - Aug 31
Following are European Central Bank foreign exchange reference rates. All currencies are quoted against the euro. US Dollar USD 1.1596 Japanese Yen JPY 185.22
ECB Foreign Exchange Reference Rates - Aug 27
Following are European Central Bank foreign exchange reference rates. All currencies are quoted against the euro. US Dollar USD 1.1645 Japanese Yen JPY 185.61
A 40 Trillion Debt Overhang! The U.S. Treasury Storm Sweeps the Globe: Can RMB Assets Serve as a Safe Haven? Understanding the Three Underlying Logics
Although the U.S. Treasury suddenly announced this Wednesday an expansion of long-term Treasury buybacks in an attempt to suppress long-term yields through a "borrow short, repay long" strategy, the effect lasted only one day. The yield on the U.S. 30-year Treasury bond rose again to 5.249%, approaching its previous high.