In annual Euroregion Bank Summit, the significance of Euro in world economy was mentioned. In comparison with 1991, it is more helpful for the Euro region to have an international currency now. European Commission had issued some topics about the ways to make Euro more significant in the world which was related to foreign policies…
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US Dollar Outlook in Iran:
Iranian Minister of Finance and Economic Affairs, Farhad Dejpasand, declared that the #dollar_rate is expected to settle down as the destructive factors have been identified. Demand in dollar market is now real and logical. Also the factors that increase #dollar in the market are developed. All the inconsistencies in #economy and governmental policies are solved…
Digital Currency Displacing US Dollar as Global Reserve
According to Sputnik, Mark Carney (governor of UK bank) declared that a #digital_currency which a group of countries support it, is needed to compete with #dollar because dollar played a dominant role in the world over past century and becomes a barrier for global improvement. It is used as the primary settlement currency for international…
The Third Plummet of US Dollar Rate in Iran
The fall of #US_dollar rate in previous month is unprecedented. Dollar moved slowly from 11700 Tomans to 11500 Tomans and yesterday on 25th August, after the news about the travel of #Mohammad_Javad_Zarif to #France, it descended to 11300 Tomans. It is important to mention that yesterday the rate of dollar in #bank_exchange_houses stands at 11500…
Which Country is the Biggest Creditor of US?
#China is not the #biggest_creditor of US anymore and #Japan is replaced with China! According to Bloomberg, now the debt of US to Japan is over one trillion dollars. The increase of 2.1 billion dollars of US debts to Japan in June sends China to the second place. Japan is interested in #bond_market with low…
Increase of China Gold Inventory in order to cope with Yuan Devaluation
Market participants declared that by approaching to September and the possibility of #US new #tariffs on #Chinese_goods and products, #demand for buying #dollar has increased in #China. Central bank of China had limited the import of #gold in previous months in order to prevent the exit of wealth from China and increase the value of…
J.P Morgan: Gold is Safer!
According to J.P. Morgan Private Bank, #US_dollar could be vulnerable to a loss of value relative to a more diversified basket of #currencies like gold. Investigating the clients’ portfolios shows that most of them poses far more US dollars exposure than we feel is prudent. They recommend placing a higher weighting on other G10 currencies.…
Gold and Bitcoin under pressure!
The #Federal_Open_Market_Committee (#FOMC) would not reduce the US dollar #interest_rate according to Donald Trump’s idea. Less than half of the FOMC members agree to reduce the dollar interest rate to 0.5% in September. This issue puts more pressure on #gold and #digital_currencies including #Bitcoin, continuing until the lecture of MR. Powell (FOMC chairman) on Friday.…