Taiwan’s forex (foreign exchange) reserves reached record levels at the end of July, largely due to the exceptionally high returns on the Central Bank of the Republic of China (Taiwan)’s investment portfolio, as confirmed by the bank on Monday.
Over the last few months, market experts have been sounding the death knell for the United States’ dominance in world trade and the effectiveness of the dollar as the reserve currency, which has historically enjoyed strong investor confidence.
The mid-term polls in the United States are expected to be held on November 6 of this year, with the Republicans currently controlling both chambers of the Congress: the Senate and the House of Representatives.
The looming trade war between the United States and China, the world’s two largest economies, just turned official with the US imposing 25-percent duties on $34 billion worth of Chinese goods from Friday, July 6.
On March 21, the Federal Open Market Committee (FOMC) of the US Federal Reserve Board under its new chairman, Jerome Powell, raised benchmark interest rates, or the target for the federal funds rate, by 25 basis points to 1.5-1.75 percent
The US dollar is edging higher versus its key counterparts in December, as central banks from the UK, US and eurozone meet separately to take stock of the performance of their respective economies and announce their monetary-policy verdicts for the last time this year.
The economy of the United States continued its growth trajectory heading into the last month of this year. While most of the economic announcements in November revealed robust growth, inflation continued to remain stubbornly below the central bank’s target of 2 percent
2017 has been nothing short of a rollercoaster ride for the Mexican peso. Starting with the election of US President Donald Trump, the Mexican currency suffered enormously as fears set in that the US-Mexico trade relationship would suffer enormously.
Venezuela’s political crisis is a deeply complex issue affecting nearly every aspect of everyday life. The country’s foreign-exchange reserves and trading have been quietly at the forefront of these issues for some time now, as reserves dwindle and the value of the Venezuelan bolívar falls.
The seasonally adjusted second-quarter 2017 gross domestic product (GDP) growth in the eurozone, or the 19-member euro area, rose at a related pace of 0.6 percent. Compared to the same period a year earlier, the seasonally adjusted growth numbers in the euro area expanded at 2.1 percent, and 2.2 percent in EU28.