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Currency

China’s love affair with the dollar – Al Jazeera English

Despite the internationalisation of the yuan, the US dollar remains China’s currency of choice. When former Chinese Politburo member Zhou Yongkang was arrested in 2014 on corruption charges, the scale of his ill-gotten gains was astounding, totalling some $16bn. When sums that large are involved most of the assets have …

The Euro-Dollar Parity Bet Is Back – Bloomberg

Donald Trump’s electoral upset has breathed new life into the bet that diverging economic paths will drive the euro toward parity with the dollar for the first time since 2002. Traders see about a 43 percent chance the European currency will sink to $1 within a year, almost double the …

Wind Is the New Corn for Struggling Farmers – Bloomberg

Seventy percent of U.S. turbines are in low-income rural areas. Wind energy, the fastest-growing source of electricity in the U.S., is transforming low-income rural areas in ways not seen since the federal government gave land to homesteaders 150 years ago. As commodity prices threaten to reach decade lows and farmers …