Three reasons for the outflow of capital abroad
Over the past month, investment funds focused on Russia withdrew about $ 150 million from the country. It is noted that the outflow for the last week of October amounted…

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How Mayans and Cherokee helped insurers
Insurance at first glance seems to be a serious form of economic relations, designed to protect people, their property and affairs from all sorts of dangers. However, if you dig…

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Google is ahead of the rest ...
Google is ahead of the rest ... Google is breaking records. According to the company's quarterly report, for the first time since its inception, its revenue exceeded $ 50 billion.…

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region’s economy

Currency forecast: the dollar strengthens its position

Currency forecast: the dollar strengthens its position
The dollar spent the whole week to strengthen its position and succeeded in this. The euro cannot boast of such achievements against the backdrop of Draghi’s statement that bearish risks for the eurozone remain. Concerns of monetary authorities about the prospects for the European economy are pulling the euro down, and this is expected to affect the situation as a whole.

The past week has clearly demonstrated that economic statistics from the United States has been and remains a fundamental factor for the market. According to Forex Club, America’s stock indices twice made serious attempts to move away from their multi-year highs, losing more than one percent during trading sessions. Yield on ten-year US bonds also fell by 0.07 percentage points to 1.95%.

Thus, a significant impetus to the growth of the dollar was given by the speech of the ECB President Mario Draghi, during which he was less optimistic in assessing the prospects for the eurozone economy. Closer to the close of the week, the USDX added 1.2%. Continue reading

Credit treat for scams
Lending to individuals is growing faster than the corporate borrowing market. In April, the volume of money issued to Russians for personal needs increased by 3.8 percent compared to 2.4…

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Banks are ready to work online
On Tuesday, the Association of Russian Banks presented its updated Internet portal, which significantly expanded the capabilities of customers in the field of interaction with domestic credit organizations. Now users,…

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Counterfeiters prefer larger
The problem of counterfeit money circulating on the territory of Russia, before the Russian law enforcement officers is quite acute. In 2013, the total number of fakes discovered by the…

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Forex Club: optimism leaves the markets
The US dollar has been trading in different directions over the past week due to the lack of significant macroeconomic events and statistical reports. The euro felt more confident in…

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