- December 21, 2020 Do we get tax benefits on Personal Loan?
- December 18, 2020 The solicitors Preston depends on for stress-free compensation claims
- December 16, 2020 eToro: History and Key Features
- December 11, 2020 Canadian Dollar Pauses 2020 Rally Against US Peer Amid Falling Crude Prices
- December 11, 2020 Pound Crashes Against Dollar As No-Deal Brexit Appears Imminent
- December 11, 2020 USD/JPY 104.57 High Starting a New Bearish Leg?
Day: November 29, 2007
November 292007
Danger of Forex Reserves Change
Li Yang, an ex-adviser of the People’s Bank of China, suggests a great care in handling any changes to the country’s foreign currency reserves (world’s largest), that are currently composed mainly of U.S. dollars. By the Li’s words, it’s not reasonable to change the vast amount of current reserves, but the new income that goes […]
Read more
November 292007
Russian Foreign Currency Reserves Continue to Grow
Foreign currency reserves of the Russian Federation grew up for the seventh week in a row and now are at their record high value — $459.6 billion. As the oil prices are surging to their new maximums the oil-exporting Russian economy wins greatly, increasing the profits of the country’s largest oil companies and supplying national currency reserves with new dollars. Russia has the third largest national reserves in the world, lagging behind China’s $1.4 trillion […]
Read more
November 292007
GDP Data Released in U.S. Today
EUR/USD confirmed its downtrend intentions today falling from yesterday’s retracement to 1.4740 level. One of the reason for a stronger dollar can be seen in expectations for the increased real GDP growth in third quarter of 2007. U.S. Bureau of Economic Analysis released its preliminary report on real Q3 Gross Domestic Product. The growth was higher than the previous advance value for third quarter — 4.9% against 3.8% and the same as analysts expected […]
Read more