Forex News
Jun 26 2007, 05:00 - 0 Comments
According to the Central Bank of Europe, April’s current euro zone account slip into the deficit, the deficit is at 4 billion eur in a seasonal adjustment term after the 6.7 billion worth of surplus last March.
Jun 26 2007, 04:00 - 0 Comments
In the late New York Trading, the 13-nation euro remained unchanged since late Friday, they purchase it at $1.994.
Jun 24 2007, 20:00 - 0 Comments
The KSH said this years retail sales were down in the first four months to 0.4%, thus corresponds to the past year period in the terms of volume.
Jun 24 2007, 20:00 - 0 Comments
On Monday the industry’s data will be due as expected, there will be a show of sales for the existing homes fell in May, and this is a sign in the persistent slump in the housing market.
Jun 24 2007, 20:00 - 0 Comments
According to the official of China’s Securities Journal, as cited in the central bank by Governor Zhou Xiaouchuan, as China remained vulnerable to escalate inflation, the governor spoke that we do no exclude the possibility in increasing the interest rates.
Jun 24 2007, 20:00 - 0 Comments
According to the People’s Bank of China Assistant Governor, Yi Gang, In China there are no plans in the reduction of it’s holdings in the reserves of the US Dollar.
Jun 23 2007, 20:00 - 0 Comments
The Bank of Botswana Governor, Mrs Linah Mohohlo, stated that the risk in the inflation outlook would be that when there are tensions in the Middle East and high demands, and with stockpiling, the oil prices will not get lower as the central bank would like it.
She also said that further concern will be the fast growth in the commercial credit banks.
Jun 23 2007, 20:00 - 0 Comments
According to Vitor Constancio, he is the European Central Bank council member, a high medium term interest rates are positive in a medium term outlook in terms of inflation.
He said that “In the market, the correct reading, is that this reflected the assessments in the growth of the markets,"
He also added that in the progressive countries a higher medium term rates does not mean no fears for inflation in the future but rather it means that these medium term rates is a consequence in assessing growth, thus good for inflation in the medium terms.
He made this remarks in the fringes in the yearly meeting of Bank for International Settlements.
Increasing in the medium term interest rates, thus follow the long spell of inertia, after the raised interest rate in the ECB to 25 basis point to 8 times since the beginning of the monetary tightening on December 2005.
ECB has already increased last June 6, the refinancing minimum bid rate to 4%.
They will be monitoring the upward price risk closely amidst the ample liquidity, capacity utilization in high level, the volatile pricing in oil, and a strong money and credit expansion thus the future policy move is data dependent.
