Posts Tagged ‘ upward pressure ’
Get these free Forex Scalping cheatsheets just now. Learn Candlestick Charting.Combining forex trading with gold trading can be highly lucrative. If you have been following gold prices, you must know Try these 1500 pips a day Forex Signals from heaven. that gold prices have reached their historical peak in the recent times. Gold prices recently [ READ MORE ]
The Economist recently published a special report on China and America (”Round and round it goes“). As the title suggests, the article described the increasing interdependency between the economies of the US and China. In a nutshell, China maintains an undervalued currency, in order to stimulate exports. The resulting overseas (American) demand puts upward pressure [ READ MORE ]
In its semi-annual report to Congress, the Treasury Department once again failed to officially label China (or any country for that matter) a currency manipulator. No surprise there. While it’s self-evident that China manipulates the RMB (via the peg with the US Dollar), the political implications of such a label prevent it from being used [ READ MORE ]
After a brief pause, the world’s Central Banks (or at least those in Asia) have begun to once again accumulate foreign exchange reserves. I’m not one for hyperbole, but the figures are downright eye-popping: “Reserves held by 11 key Asian central banks totaled $2.625 trillion at the end of August, up from $2.569 trillion at [ READ MORE ]
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