The Chinese yuan is expected to depreciate against the strong U.S. dollar, raising concerns about the extent of the currency’s potential decline and its global impact on export competitiveness and Chinese economic growth. Market shifts following Donald Trump’s election victory have already led to a 3% drop in the offshore yuan and a 16-month low for the onshore yuan, with investors wary of China’s economic challenges and a possible rise in U.S. interest rates. As U.S. Treasury yields rise and the dollar strengthens, the Federal Reserve’s reduced rate cut expectations have widened the yield gap between U.S. and Chinese bonds, driving the dollar up and the yuan down.
Full Article
Here’s what happened to the OKC bomber, his accomplice and others in the 30 years since the attack
Timothy McVeigh was executed on June 11, 2001, for his role in the Oklahoma City bombing, famously referring to the child victims as "collateral damage" and quoting the poem "Invictus" before his death. Co-conspirator Terry Nichols, now serving a life sentence without parole, admitted to helping build the bomb and expressed remorse for his involvement, while Michael Fortier, who testified against them, entered witness protection after serving time for failing to warn authorities. John Doe...
Read more