Greenback stays buoyant before Richmond Fed's President speaks today

Note: This section contains information in English only.
Source: Bloomberg
The U.S. Dollar increased on Friday rising against the 18-nation bloc currency and was set to record the largest weekly gain versus its major peers in a two-month period before the Richmond's Federal Reserve President testifies today. The Greenback last traded at $1.3619 a Euro and it advanced this week by 0.4%, while it traded at 104.34 yen.

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Fri, 17 Jan 2014 10:51:06 GMT

Gold drops on speculation that Fed may scales back

Gold slightly declined on Friday session and was set to end its series of weekly gains amid speculation that the Federal Reserve may continue to taper off as economic data signaled that the economy is improving. Bullion for delivery in January shed from yesterday's level of $1,242.39 an ounce and was last seen at $1,242.23 as of 9:28 a.m. Singapore

Fri, 17 Jan 2014 10:40:12 GMT

Chinese economy to grow at slowest pace in 24 years

The economic growth in China in 2014 will probably be even slower than in the previous year, as foreign investment in country's manufacturing sector declines. Moreover, the overcapacity in this sector of China's economy puts additional negative pressure on the growth. As it is expected, economy added 7.6% in Q4 of 2013, while the median forecast for this year is

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