China is willing to help Russia, as the country needs it

Note: This section contains information in English only.
Source: Bloomberg
China is ready to support Russian currency with the help of currency swaps, as the Rouble lost 59% of its value against the US Dollar due to a drop of the crude oil price and European sanctions. Today the Rouble appreciated 3.48% against the Greenback, reaching the level of 56.764 at the moment of writing.
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Mon, 22 Dec 2014 12:14:10 GMT

European consumers spend more as inflation rate falls

As oil becomes more affordable, the European households are starting to spend more. According to Jens Weidmann, Bundesbank President, this may act as a positive factor for the Euro zone economy and thus could decrease the chance of the QE by the ECB. Still, many officials of the monetary authority remain worried regarding the slow inflation and say the European

Fri, 19 Dec 2014 14:00:14 GMT

Canada retail sales data fall in October

Canada Retail sales decreased in October, as the number of cars sold is diminished and the activity at the pumps reduced. Economists expect a drop of 0.3% in October, followed by an increase of 0.8%, the biggest one since June, while they expect a growth of 0.2% in October of the Core Retail sales.

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