Romney denies Chinese progress on appreciation of Yuan

Note: This section contains information in English only.
Source: Bloomberg
Mitt Romney announced that Yuan's 23% appreciation versus U.S. Dollar in last five years is not enough and branded world's second largest economy as currency manipulator. Romney promised in his campaigns to put more pressure on China as he claimed Obama hasn't done enough to boost stronger Yuan. Economists questioned by Bloomberg expected Yuan to climb versus greenback to CHY 6.15 by the end of 2012.
Back to articles

Actual Topics

Wed, 02 May 2012 07:17:49 GMT

UBS profit fell by 54% in the first quarter

Switzerland's largest bank UBS AG reported its profit for the first three months of 2012 dropped by 54%, damped by loss on its investment bank division and lender's own debt charge. The net profit tumbled CHF 827 million (USD 910 million), UBS reported on Wednesday. Analysts had predicted a slightly smaller drop of  CHF 810.9 million.

Wed, 02 May 2012 06:48:57 GMT

Aussie and Kiwi trades low ahead of Spain bond auction

The New Zealand and Australian Dollars kept trading lower after a two-session depreciation before Spanish bill sale on investor worries Euro Zone's debt crisis might be worsening. Australian currency traded at USD 1.0347 in Sydney session while the Kiwi traded at USD 0.8149. Currently AUD/USD is trading at 1.0348 and NZD/USD is trading at USD 0.8148.

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.