Deadly Attack Targets Chinese Engineers in Pakistan
Amid a surge in violence targeting Chinese interests, a devastating suicide bombing struck a convoy of Chinese engineers in northwestern Pakistan, claiming the lives of six individuals
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
The US dollar is under strong sales pressure after the Bloomberg agency said the Chinese authorities would reduce or even stop buying US Treasuries, said the BNR.
Bloomberg quoted unnamed sources close to the topic that official Chinese authorities overseeing the country's foreign exchange reserves have recommended a delay or even a suspension of US Treasury purchases. In their view, US government bonds have become less attractive than other financial assets. China's existing trade strain with the US may also be a reason for slowing or stopping US debt purchases, they say.
Though unsubstantiated, the news provokes aggressive dollar sales on foreign exchange markets, although at the same time yields of 10-year US bonds jumped to a ten-month high of 2.588 percent, the National Radio adds.
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