How Does China Control Exchange Rates?
In order to tame economic instability, China fixed its exchange rate in 1995 at slightly more than 8 yuan to the United States dollar.
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In order to tame economic instability, China fixed its exchange rate in 1995 at slightly more than 8 yuan to the United States dollar.
In the coming years, both the EU and its monetary zone could expand by as many as five members each, and some observers project the EU has the potential to enlarge to as many as 40 total members.
Like all currencies, the Japanese Yen has specific causes of its volatility.
The U.K. is ranked as the fifth-most-liberal nation out of 43 European countries, benefiting from attributes including a highly advanced financial industry and largely unfettered trade.
Investors can turn to many different sources of information when setting up trades, and some forex traders like to harness top economic indicators to determine what they will do. Germany, Europe's largest economy, is viewed by many as a key player in both the eurozone and the euro, so some traders like to investigate business conditions in this country when developing their strategies. Some more generalised background information on the…
Investors interested in making trades that involve the Chinese yuan might benefit from doing some research into China's economy. The nation has repeatedly made headlines over the last several years, generating attention by producing robust growth. Economic Skepticism Despite reports of growth, some have voiced concerns about the country manipulating its government data. Even Li Keqiang, Premier of China's State Council, has made skeptical remarks about these figures. In 2007,…
The strength and weakness of currencies are generally assumed to follow trends in supply and demand, and the United States dollar should be no different. Since at least the middle of the 20th century, however, the dollar has held a special status around the globe as a reserve currency. This means that individuals, companies and governments have carried out international trade and held their capital reserves in dollar-linked accounts. The…
Here are six key economic indicators commonly used to define the current state of Australia's economy.
When considered altogether, these statistics and concepts can be used to paint a complete picture of Canada's economic health.
British Pound Basics The pound sterling, also known as the British pound, is the official currency of both the U.K. and its territories. It's also the world's oldest continuously used currency. Traded under the currency code GBP and carrying the symbol £, the pound also goes by the name quid and is divided into 100 pence. The pound sterling derives its name from ancient history, as in roughly 775 A.D.…
While the common currency may come with numerous benefits, it has encountered some strong volatility in the aftermath of the 2008 financial crisis.
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