Atlanta’s Lockhart does not think the Chinese have taken on a politicized mentality regarding their US debt holdings, but a commercial one. He says he assumes they will act responsibly in managing their own reserves.
Beijing would wholeheartedly agree.
EUR/USD has settled back, now at 1.4585 after a pop to 1.4614. USD/CHF fell to 1.0357 before rebounding to the present 1.30380 level.
