Bank of Japan Surprises the markets

On February 17, 2014, in News, by Deyan Dimitrov

The Bank of Japan took markets by surprise by doubling the incentives whose aim is to spur bank lending in the country. The move had immediate effect by weakening the Japanese yen and boosting the Nikkei 225 index on theTokyostock exchange. The central bank hopes that the increased lending will stimulate economic growth. It will [...]

US dollar falls after weak economic data

On February 13, 2014, in News, by Deyan Dimitrov

The US dollar went downwards against its major rivals after a series of disappointing economic data that come from US.  TheUKretail sales fell with 0,4% in January, which is more that the economists prediction of 0,1%. In addition to that the jobless claims rose to 339 000, missing the median expectation for January of 330 [...]

The Dollar rises against the yen

On February 12, 2014, in News, by Deyan Dimitrov

TheUnited States dollar rose briefly against the yen after hitting a bottom of 102 last afternoon. The upward course of the dollar was helped by the fact that the chairman of the Federal Reserve Janet Yellen refused to criticizeJapanfor its expansionary monetary policy which has led to a severe depreciation of the Japanese currency. This [...]

Chinese currency increases in popularity

On January 28, 2014, in Future of Money, by Deyan Dimitrov

The popularity of the Chinese Remnibi continues to increase. According to a recent statistics it currently ranks as the eight most used currency in the world. The rise of the Remnibi is caused by the increasing volume of Chinese trade in combination with the fact that RMB is already used as a part of various [...]

Anxiety in emerging markets grows

On January 3, 2014, in News, by Deyan Dimitrov

Many international investors sold emerging market currencies and equities as anxiety grows around the ability of developing nations to successfully stimulate enough economic growth. Currencies such as the Russian Rouble, the Argentinian Peso and the Turkish Lira have recently hit multiyear bottoms. The current selloff in the emerging market comes in the context of larger [...]