Category: Foreign Exchange

Why Yuan can not be the reserve currency of the world

Why Yuan can not be the reserve currency of the world

Recently there had been lots of discussions on US disengaging dollar as the reserve currency of the world and Yuan becoming the next reserve currency. Every twenty to thirty years – whenever, it seems,...

China hits back at Yuan critics

China hits back at Yuan critics

  China premier Wen Jiabao says yuan exchange not to blame for China-U.S. trade deficit, 20 percent yuan appreciation would bankrupt Chinese exporters.

Japanese Government finally intervenes after 6 years

Japanese Government finally intervenes after 6 years

Japan’s Finance Minister Yoshihiko Noda confirmed that his ministry intervened in the foreign-exchange markets but didn’t specify the amount of intervention. Noda also said the intervention was aimed at curbing excessive foreign-exchange fluctuations and...

UK Economy set to slowdown

Bloomberg.com has reported further slowing of UK economy caused due to tight measures by Cameron government to reduce budget deficit. Foreign-exchange forecasters are the most pessimistic on the pound since May 2009, when Standard...

Will Yen Rally Further??

Yen has moved to 15-year high against Dollar and it seems it is not ready to stop here. Recent developments in world economies have lead dollar to lose its value more than any other...

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