Category: Currency Currents

Two points and one chart may suggest a comdol bloodbath—that’s all!

We noticed these two seemingly unrelated news stories this morning:

1) “The International Energy Agency Wednesday lowered its 2010 world oil demand forecast, its first substantial cut in a year, on weaker-than-expected consumption in emerging markets and revisions to 2008 demand data,” according to The Wall Street Journal.

2) “China’s accelerating inflation and surging house prices are adding pressure on policy makers to raise interest rates and allow yuan gains even as their concerns over Europe’s debt woes persist,” Bloomberg.com reported.

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