Sunday, April 25, 2010
The US legislation is all out to prevent china from manipulating its currency by bringing in duties on Chinese products. This move is said to drag in a lot of support from the US Senate, Senate the Co-author for the Senator Lindsey Graham had mentioned this on Thursday.
She told the US Senate Banking SubCommittee on [...]
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Wednesday, April 7, 2010
In the forex market, every country is looking forward to raising its currencies. There has been a lot o f rumors surrounding the Chinese currency. Many financial experts complained that china had been manipulating its currency so as to increase volatility of forex market. This will result in increased exports from china which will be [...]
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Thursday, March 11, 2010
The National People’s Congress (NPC) which is the Chinese parliament is thinking about referring to a blue print when it comes to trading in the forex and gold position of the country.
The 2010 blueprint of the economic stand of the country was made known officially during the plenary’s opening. It is said that this blueprint [...]
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Wednesday, March 10, 2010
The Chinese are looking strongly at gold so that they can diversify their foreign exchange reserves and this is limited since the returns that the metal invariably has some very poor returns since 30 years now. This was said by the foreign exchange regulator on Tuesday.
The director of China’s State Regulator, Yi Gang mentioned that [...]
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Monday, March 1, 2010
It was a gathering of about 15 senators and most of them were critics of China’s currency policies. They sent a letter to Gary Locke who is the Commerce Secretary. The letter did not speak well as they had found Gary to fail in his part of probing allegations about China and that they were [...]
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Wednesday, February 24, 2010
The hot money that will enter the market in Taiwan during this year would be one of the biggest challenges that the central bank in the island would face in 2010. This was according to a few analysts.
The data that was released last year showed a total of NT$8 trillion which was only hot money [...]
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Tuesday, February 23, 2010
The foreign media on Feb 20th had reported that the foreign exchange reserves of China had shot up to nearly $2.4 trillion which was a total of 30.7 of the world’s forex reserves. The economic recovery that soothed the market in 2009 as well as the national foreign exchange reserves were some of the contributors [...]
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Sunday, February 14, 2010
On Friday the euro had reached an all time low, the lowest it had experienced in nine months as against the dollar, after the European Union summit was held. Investors the previous day had failed to show their concerns on the debt ridden markets in Greece, and also while the Chinese market had tightened it [...]
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Tuesday, February 9, 2010
On Tuesday the yen fell against its high yielding Asian units, this was because there was an upturn in the Chinese stocks which was the primary reason for it to reduce its risk possibility and this in turn had investors buying back currencies that were riskier e.g. Euro.
It wasn’t only the Euro but also the [...]
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Monday, February 8, 2010
China’s economy which is said to be a massive $2.4 trillion is made up of foreign exchange reserves and this is considered to be a landmark in the financial world that most politicians and economists of the world would envy. The agency that takes care of its details had now let the world take a [...]
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