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1177 days ago

Global Inflation Rates in the world

At the extremes, we find that the bolivar note (Venezuela) which has lost all of its value, and Ireland with the strongest deflation rate of negative 1.1%.

#Forex #Macro
global inflation rates

1177 days ago

Sterling to capitalize on resumption of dollar weakness? GBP/USD

GBP/USD 1.35 has held as support - 1.40 coming?

#Forex #Technical Analysis
Sterling to capitalize on dollar weakness? GBP/USD

1177 days ago

EM currencies rally into 7th month with bright 2021 outlook

The MSCI International EM Currenc index which reflects the performance of 26 EM currencies relative to the US Dollar rose for the 7th consecutive month gaining 1.6%. EM currencies tend to rally when global growth and trade are improving. Strong commodity prices are typically one of the key factros supporting high beta currencies says JP Morgan Asset Management. The top currency gainers are the Chilean peso, South African Rand, and the Turkish Lira. Aregentine peso is down -3.3%: 

#Forex

1177 days ago

The current status of the dollar as a world reserve currency

Still 60% of all global reserve assets...

#Forex
The current status of the dollar as a world reserve currency

1177 days ago

Russia has more gold than dollars

For the first time, Gold surpassed dollar assets in Russia's reserves. This indicates the diminishing trust that Russia puts in US dollars. Note that the data are published with a 6 months delay. While the dollar is the world's preeminent currency (60% of all foreign currency reserves globally according to the IMF), the euro is Russia's top reserve holding, with $165 billion, vs. $125 billion in dollars and $128 billion of gold. 

#Forex #Macro
central bank of russia
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