Of course they have. The Chinese CB and SWF is a large part of the EURO Treasury. If the Chinese start dumping their Euro holdings, the Euro will go the way of the ECU. Does anyone remember the ECU?
Dennis Yanez on
December 1st, 2008 04:48 GMT
Not so fond memories myself as I had the misfortune of attempting to trade its IMM futures.
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Have Barosso and Gordon Brown been listening to Donld Tsang?
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3531461/Britain-should-join-euro-says-Hong-Kongs-Tsang.html
Of course they have. The Chinese CB and SWF is a large part of the EURO Treasury. If the Chinese start dumping their Euro holdings, the Euro will go the way of the ECU. Does anyone remember the ECU?
Not so fond memories myself as I had the misfortune of attempting to trade its IMM futures.