A Few Headlines the G-20 Media Fenzy Likely Missed

A strong dollar, you have to be kidding. Unreported extremely important post G 20 event.

Jim

Headline: Abhisit calls on Asia to use yuan in trade

Prime Minister Abhisit Vejjajiva, fearful of the effects of the soaring baht due to massive capital inflows, has proposed the use of the Chinese yuan as a major regional trading currency.

Asia-Pacific leaders will have to discuss measures to deal with the fund inflows after the Group of 20 major economies failed to reach any tangible decisions, Mr Abhisit said yesterday.

Source: bangkokpost.com

Gold working it's way back to acceptance. The public will be the last to 'know'.

Healines: ICE Clear Europe to accept gold as margin collateral

Intercontinental Exchange, the US futures exchange group, has followed rival CME Group by allowing its European clearing house to accept gold bullion as collateral for transactions

The precious metal will be permitted for initial margin only for all energy and credit default swaps (CDS) transactions from November 22 and will be accepted by ICE Clear Europe by electronic transfer in increments of 1 troy ounce. It will be priced daily using the London gold fixing price in US dollars.

The use of gold to satisfy margin requirements has traditionally been relegated to extremely liquid securities and some currencies but futures exchanges are increasingly looking at accepting the metal.

Source: ft.com