currency
In June, the volume of foreign currency purchase in Ukraine amounted to 1.8627 billion US dollars, the volume of sales 1.2211 billion US dollars. Net demand for cash foreign currency increased by 21.79% to 641.6 million US dollars, according to the information-analytical center Forex Club.
National Bank to sign currency swap agreement with Russia
The National Bank of Ukraine is planning to sign an agreement on currency swap with Russia that will allow bilateral trade without involving third countries' currencies.
Ukrainians prefer savings in foreign currency
The Ukrainians, who have something to save, have recently preferred the foreign currency over the national. Thus, if in 2007 the ratio of cash savings was 9.4% at 4.6% of GDP in favor of foreign currency, in 2011 - 7.2% at 0.7%, tyzhden.ua.
Dollar rate will remain stable
Prime Minister Mykola Azarov assures that the dollar rate fluctuation will not tell significantly on the rate of the Ukrainian national rate.Prime Minister Mykola Azarov wrote about this on his page in Facebook, answering a question by Tetiana Chorna. "We with the National Bank have calculations rather than forecasts.
Does the euro still have a purpose?
Returning to a national currency after more than a decade of using the euro and having its money managed by the European Central Bank would catapult Greece into a financial, legal and political no man's land.
How China is propping up the euro
To volatility-loving currency traders, the euro has been a source of great frustration, its trade versus the dollar hewing to a boring range of 4 cents for almost four months.
The yen’s looming day of reckoning
Japan is on an unsustainable path of a strong yen and deflation. The unprofitability of Japan’s major exporters and emerging trade deficits suggest that the end of this path is in sight. The transition from a strong to weak yen will likely be abrupt, involving a sudden and big devaluation of 30% to 40%.
China, Japan to Back Direct Trade of Currencies
China, Japan () - Japan and China will promote direct trading of yen and yuan without using dollars and will encourage the development of a market for companies involved in the exchanges, the Japanese government said.
Like it or not, the euro is doomed
Europe () - As European leaders unveil their latest plan to solve the debt crisis, economists and market experts aren't convinced they'll actually be successful.
Ruble Weakens Fourth Day Versus Dollar on S&P’s Europe Debt Cut Threats
World () - The ruble weakened for a fourth day against the dollar after Standard & Poor’s said it may strip Germany and France of their AAA credit ratings, curbing appetite for riskier assets.
Mission impossible: finding good interest rates on currency accounts
World () - The continuing problems in the eurozone are causing real concerns about the future of the euro itself, even if it means it will change from its current form rather than disappearing altogether.
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