Repeats it hopes Europe can ensure China’s investments in the region MARKET SCUTTLEBUTT: Story doing the rounds that Chinese have declined to buy Italian debt. Story is major reason for latest sell-off in EUR/USD. Take it for what you will. EUR/USD down at 1.3630.
Even though China has increased the amount of Euro's in reserve they still have mostly USD. I can't see why they would not be delighted with the recent Dollar strenght.