Yuan ready for biggest weekly increase since June

Note: This section contains information in English only.
Source: Bloomberg
China's Yuan is facing the biggest weekly rise since June, after the overseas sales overshoot the expectations and promoted the record trade surplus. The exports grew 14.5% from the previous year in July. Imports by-turn dropped 1.6% to create the trade surplus of $47.3 billion. The Yuan appreciated 0.38% this week to trade at 6.1565 per dollar, whereas today the currency added 0.09%.

 

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Fri, 08 Aug 2014 14:58:51 GMT

UK trade balance lower than forecast

This Friday the data regarding the UK's trade balance was released and revealed to be worse than forecast. National Statistics in the UK reported that UK's trade balance dropped to -9.41 from the previous month's -9.15 (this was revised from -9.20). Analysts had forecast it to improve to -8.80 in July.  

Fri, 08 Aug 2014 14:57:54 GMT

UK Pound fell against the Dollar ahead of trade balance

As the trade balance in the UK is expected to remain in the red, the Sterling dropped to its lowest price in two months against the Greenback. The Cable fell by 0.14% to 1.6807, correcting its value from a hype that was originated from the possibility of increased rates in the UK. Analysts predict the trade balance to be -8.9B.

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