China’s FX reserves in March

Friday, 15 April 2011 07:37

China’s FX reserves in March have hit the 3 trillion level for the first time. This could be seen as a symbol of China’s strength and growth yet it really shows how undervalued the Yuan is and how inflation could be seriously out of control.

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Euro falls hard.

Thursday, 14 April 2011 02:31

The Euro has tumbled from 1.45117 to 1.43752 this afternoon, further concerns regarding Ireland and the ECB statement that they are not going to continue bailouts forever has once again put pressure on the Euro.

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Asian Markets quiet

Thursday, 14 April 2011 09:27

Asian markets were off or slight up on low volume trading. Australia is down as well but all in the 0.50~1 % levels.

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EuroDollar trading 1.45

Wednesday, 13 April 2011 01:25

For the second time in as many days the Euro has crossed the 1.45 level, previously 1.45157 was a high and then 1.45152. In both instances the market pulled back immediately under heavy selling pressure.

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Euribor lending rates rose to near a two-year high

Wednesday, 13 April 2011 01:14

Euribor lending rates rose to near a two-year high yesterday mainly off the back of expectations that the European Central Bank will continue to increase euro zone interest rates this year. The three-month Euribor rate rose to 1.327 percent from 1.320 percent on Tuesday.

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