China’s Yuan currency experienced its biggest monthly drop in last 25 years. Yuan decreased 3.85% against the US dollar in August because of trade war between China and US and the weak economic growth of China. Analysts expect Yuan to continue this bearish trend as Chinese authorities try to offset the influence of higher US…
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Europe Attempts to Replace Dollar with Euro:
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…
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…
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.…