At the upcoming G20 meeting the participating countries will show their commitment to avoid currency weakening to boost their exports and gain a trade advantage. They will make a pledge to “move more rapidly toward more market- determined exchange rate systems and exchange-rate flexibility” and to refrain from competitive devaluations. Meetings of finance ministers and [...]

The British pound has declined against the Euro after new report of the Bank of England showed that the inflation in Britain still remains higher than the bank’s expectations. At the same time the growth in the country stagnates. The fundamental outlook for the pound remains weak. Despite the inflation many analysts think that the [...]

The Australian Minister Julia Gillard has announced that China and Australia have finished a deal according to which their currencies will be directly converted. Australia is the third country in the world which will have such an agreement with China. The agreement will supposedly will cut the costs for Australia companies that want to do [...]

The Consumer Price Index (CPI) in China has retreated significantly during the last month from its ten-month high that it reached in February. The Chinese consumers spent 2,1% more for goods in services in march in comparison with 3,2% in February. The slowing down of the CPI rate represents a tame of the inflation in [...]