In 2012, Swift ranked Yuan at 12th position in the list of top 20 global payment currencies. And now, 4 years later Yuan has moved ahead of Japan’s currency, Yen to place itself at 4th position in the league of most used currencies for cross-border payments. China has thus taken another step ahead...
2 Stock Market Predictions For 2016
New Year is still months away but it isn’t at all early to predict how the stock market would develop in 2016. And if these predictions prove sound enough then you ought to either prevent yourself from the burden of losses or take advantage of the opportunity and grab some quick profits while...
Butterflies manipulating the yen?
The yen… It seems every time the yen strengthens, investors in Japanese stocks rush to price in the move. Last time Japanese shares traded, the dollar was sitting comfortably above ¥104, but this morning it was just above ¥103, having dipped into the upper ¥102 range during U.S. hours. (The euro-yen cross rate wasn’t much prettier for Japanese...
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US job growth fell sharply in December
The US economy created only 74,000 jobs in December, with many Americans giving up looking for work, latest figures show.
The number of jobs created was the lowest for three years and was well under half the number expected by analysts. The US unemployment rate fell to a five-year low of 6.7%. However, that was mostly due...