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Russian ruble recorded another devaluation against the US dollar

September 10, 2018 5:07 am0 comments
Russian ruble recorded another devaluation against the US dollar

The Russian ruble recorded another devaluation against the dollar, reaching more than 70 rubles on Monday for the first time since March 2016, still under pressure from worries and uncertainty about US sanctions. At the opening of the market earlier today, one dollar was exchanged for 70.16 rubles, thus the annual losses for the Russian currency rose to 19%. The Russian Central Bank will meet at the end of the […]

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British economy grew by 0.3% in July

September 9, 2018 10:21 pm0 comments
British economy grew by 0.3% in July

The British economy grew by 0.3% in July on a monthly basis, supported by the heat wave and the World Cup, according to data from the Office of National Statistics. For the second quarter of the year there was a growth of 0.6% on a quarterly basis – the fastest rate of acceleration of nearly an year. “The services were strong, and retail sales were good, boosted by the warm […]

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Turkish economy shows signs of slowdown in Q2 2018

8:07 am0 comments
Turkish economy shows signs of slowdown in Q2 2018

Turkish economy shows signs of slowdown in Q2 2018, which some investors believe will turn into a technical recession later this year. The Turkish economy has grown by 5.2% on an annual basis in the second quarter, according to official data. Despite solid growth, however, the new data suggest a slowdown in growth, because in the first quarter of this year the Turkish economy reported expansion of 7.4%. And although […]

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Japanese economy grew in Q2 2018 with the fastest pace since 2016

September 8, 2018 11:46 pm0 comments
Japanese economy grew in Q2 2018 with the fastest pace since 2016

The Japanese economy grew in Q2 2018 with the fastest pace since 2016 thanks to a faster increase in capital spending, even though global trade pressures and the natural disasters posed risks for performance. The revised data shows that the Japanese economy rose at an annual rate of 3% between April and June, outpacing analysts’ consensus forecast of 2.6% and significantly outpacing preliminary data from last month for growth of […]

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Iran allowed importing foreign currency and gold

12:39 pm0 comments
Iran allowed importing foreign currency and gold

Iran has allowed forex exchange bureaus to start importing foreign currency. That seems to be an attempt to prevent the Iranian rial from collapsing to a new low against the US dollar. The Iranian currency lost about two-thirds of its value this year, and earlier in the week it fell to a record low of 150,000 IRR per USD. Today, the rate has risen to 130,000 IRR per USD in […]

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