Instead of betting on the dollar and better economic growth in the United States, the currency and forex investors are increasingly embracing the idea that the best dollar days have already passed after three years of record power. Now, the traders believe that the Euro will replace the US dollar as a leading forex market
Archives for June 2017
UK targets the poorest countries in the world to keep its trade, as the country’s exit from the European Union (EU) puts its existing deals in uncertainty. The government promises to improve the access of the poorest countries to the British market and to maintain the existing duty-free access to “everything except arms” for 48
Royal Bank of Scotland cuts 443 jobs in the UK of people related with business loans, redirecting many of the positions to India. The State Bank has said it is moving jobs to help deal with the debts of small businesses as part of its cost-cutting efforts. But also RBS added that UK employees would
Business activity in Eurozone fails to justify expectations in June, but nevertheless recorded the largest quarterly growth in six years. In this way, the data give rise to optimism about the Eurozone economy. The report from the Markit private institute shows that the single PMI drops from 56.8 points in May to 55.7 points in
The sales of new single-family homes in USA are rising in May, while the prices are rising to an historic record, suggesting that the housing market is recovering from inertia. The Department of Commerce said on Friday that sales of new homes rose by 2.9% to a seasonally adjusted rate of 610,000 units in May.
Often, markets are raging and inflating, but the boom in the digital currency Bitcoin is exceptional. Its price jumped more than twice in just two months. If someone smart or lucky enough to buy Bitcoins worth 1,000 USD in July 2010, when the price was only 0.05 USD, he would now have 46 million USD.
Bank of Japan keeps its aggressive monetary policy, as the institution decided to pursue its aggressive policy of stimulating the economy and overcoming deflation by marking signs of improvement in the third world economy. In a communique after its meeting, the bank said it expects demand to boom, supporting a moderate acceleration of growth. The
The Russian Central Bank has decided to lower its leading interest rate by 25 percentage points to 9%. The board of directors of the bank notes that inflation remains close to the target level, as well as the continuing decline in inflation expectations and the recovery in economic activity. Short-term and medium-term inflationary risks have
The political tensions in Romania have led to a record depreciation of the local currency against the Euro and the US Dollar. Such devaluation has not been observed since July 2012, when Romania was again in a political crisis related to the attempt to remove the post of then President Traian Basescu. The official exchange
China reduces the number of workers from North Korea. According to Japan and the United States, this is one of the most effective means of pressure on Pyongyang along with shrinking oil supplies, as the gastarbeiters are among the main sources of foreign currency for the DPRK. In March 2016, when the UN Security Council