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The Korean won bounced up to a seven-week high this week after exporters and offshore players moved to cash in contract payments. The won sits now at 1,101.2 as opposed to the dollar. This is the won’s strongest finish since March 13.
Analysts said that the overall weakness in the dollar motivated offshore players to make adjustments in their positions. Exporters, meanwhile, were dumping the dollar. Foreign investors were also buying in the bond and stock market which helped to buttress the won’s upward movement.
It’s believed that foreign-exchange players moved in (more…)
In recent years, tensions have risen between China and the United States over allegations that the Chinese manipulate the value of their currency, the yuan, downwards. Some American politicians and government officials believe that by devaluing their currency, the Chinese are making their exports more attractive while making competing American products less attractive to global consumers, thus increasing America’s trade deficit.
According to the International Monetary Fund, the yuan is currently undervalued by 30 to 50 percent. The Chinese devalue their currency by purchasing United States Treasuries and dollars, which both floods the market with yuan (more…)
China, the world’s third largest trader and manufacturer of goods and services and the largest monetary lender to the United States, sets its currency to that of the American dollar at a fixed rate. Due to the increased demands of American consumers buying cheaper foreign products over more expensive USA made items, the greenback suffered a decline in value. This isn’t good for China, because it results in interest rates rising. American consumers then have less money to spend. Here in the USA, when the dollar declines, oil prices rise. Recently, with the situation in (more…)
Commonly referred to as Forex trading, the foreign currency exchange market is an interesting way to make money from smart investments. Unlike stock market trading, which is all about business, the foreign exchange market is influenced by the social and political climate of the world. This can make the market much more interesting for people who are interested in international relations and politics.
As different currencies rise and fall, exchanges can result in a net gain. That is the Forex game. There are different approaches that you can take (more…)
As lawmakers in Washington struggle to come to agreement on an extension of the debt ceiling, interest is begining to build in carry trade sgtrategies.
Amongst the economic uncertainty, the currencies of Higher Yielding countries have begun to appreciate vis a vis the credits of the more established, and some would say, moribound economies of the United States, Western Europe, and Japan.
The fundamental elements seem to be in place for further gains, albeit with the possibility of heightened volatility, as the Western economies struggle with the fallout of the acrimonious debate currently (more…)
The American economy continues to struggle, yet, Wall Street has never been more profitable. After receiving the TARP bailout in 2008, Wall Street firms have rebounded and are now posting profits in the billions of dollars.
It is heartbreaking to see the same people who caused the financial meltdown profiting from those outside Wall Street who are still reeling from its effects. On Main Streets throughout America, jobs are being cut, local governments are forced to abandon services, and government benefits are running dry.
Jobs considered recession-proof (more…)
With many people trying to make do with less this year, it’s a great time to try some money-saving tips. You may find that just a few changes can bring relief to you and your wallet. One big change you could make, if you have an extra room in your home, is to rent it out. As long as you check up on the background of your prospective renters, this is a great way to make some extra monthly money.
However, saving money doesn’t have to mean huge changes. If you are looking to save money on TV service, there are packages for many budgets at http://www.direct.tv. Another approach is eating at home rather than dining out–this is also a great way to bring the family together and test out some classic recipes. For example, try some of Grandma’s or Great Grandma’s recipes and experience a taste of history. They are often a lot better than what you might get at an expensive chain restaurant–and saving money usually tastes great, anyway.
Another tip which has worked for many people is making Christmas presents. When you give a homemade present, especially to a young child, it can mean more than the most expensive gift. When they get older, they’ll say, “My great aunt (or appropriate relation) made this for me when I was little.”
Hopefully, these tips will help you cut down on expenses and focus on what’s really important during these trying times: family, friends, and security.
It was only a few years ago legions of people were rushing to join Facebook. Now, it seems as if history is repeating itself, only this time the interested parties are far from student-aged kids, rather investors looking to turn the company’s vast success into pocket-lining cash. Why so much interest in acquiring Facebook stock?The company’s platform allows for advertisers to track and target Facebook users in ways almost unimaginable in years prior to the website’s inception. Users are given the ability to interact with companies and express their pleasure or displeasure with particular brands, not to mention their lists of interests, favorites and personal anecdotes all of which make them more or less likely to be predisposed to particular products. Of course, basic demographic and geotargeting data, longtime staples of advertising/marketing profiling, are also readily available. It’s potential to expand and take advantage of these capacities establishes as a real life golden- egg laying goose. Furthermore, students, particularly college students, have traditionally been an extremely difficult market to tap for the ad industry. Put simply, it’s been tough to reach them, less subscribing to the old standby forms of media. But, they are on Facebook, and they are on it a lot.Interest in Facebook from investors has been largely reputation driven rather than based on hard financial data. The company’s bottom line numbers have yet to be publicly disclosed, with rumors of growth in the past year to have more than doubled the already impressive estimates of 2009. (more…)
Christmas is over for Wall Street, and though our country’s economy has certainly seen more bleak mornings after, the numbers didn’t produce the proverbial Red Rider BB gun many analysts and investors were hoping for. With recession-provoked doomsday soothsayers turning more into pessimists than survivalists-in-training recently, many market watchers were hoping the holiday season would serve as a beacon of consumerism and spending to assuage remaining fears.For major retailers, sales were less than projected and or hoped for, though not damaging enough to result in any major paradigm shift to mom and pop stores or collapse of capitalism as we know it. Among the mildly disappointed are Target, Gap, and Macy’s, all of whom did not see quite as many customers as anticipated. This cannot be entirely attributed to any sort of economic setback however, as particularly harsh weather blanketed much of the country on and around Christmas 2010, with even the southern city of Atlanta waking up to its first White Christmas in 100 years. Perhaps another problem are the high expectations. In reality, considering the relative drought in retail activity only some time ago, more is expected in terms of profits, sales and growth than is feasible at this point. How quickly tempered success breeds high hopes and casts away the memory of past year’s struggles. (more…)