Category: Currency and Forex
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Hands off China’s Monetary Policy
NEW YORK (ResourceInvestor.com) — China in 2005 sounds a whole lot like Japan a decade earlier except the fracas this time is over monetary rather than trade policy. The value of the Chinese yuan, also known as the renminbi, has become critical to commodity fundamentals as well as equity valuations for companies targeted by China…
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Woman takes helm of China’s forex office
China has appointed a woman as the new director of the State Administration of Foreign Exchange (SAFE), a government source said Monday. Hu Xiaolian, a central banker and formerly the assistant governor of the People’s Bank of China, will take over from Guo Shuqing, who became chairman of the China Construction Bank last week. Guo…
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Online forex trading seen soaring by 2007 – U.S. study
NEW YORK – Foreign exchange trading through Internet-based or electronic systems (online forex trading) is expected to grow sharply by 2007, according to a study released on Wednesday by research firm Celent Communications. [box]Electronic currency trading is split between the dealer-to-client segment, where banks trade with institutional customers, and the interbank market, where banks trade…
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A Slow Boat to Yuan Devaluation
With a too-hot economy, China knows it has to change its fixed currency system. But all options are risky, hence Beijing’s foot-dragging “Soon,” “someday,” “drop dead” — such are the responses from Beijing officialdom when asked for the umpteenth time about when China will overhaul its fixed currency regime. One hopeful remark electrifies the currency…
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Secrets of healthy hedging
This technique can give you the edge in investing overseas – if you stick with it, writes Simon Hoyle. Currency hedging and dieting have more in common than you may think. Both require that you decide what you’re going to do and stick with it. It’s particularly difficult to predict how currencies will move in…
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CMC achieves landmark China forex move
An internet-based trading group will this week become the first non-bank provider of foreign exchange products to be approved by Chinese regulators. The move is the latest example of China opening its tightly controlled financial markets to foreign companies. CMC Group, a UK-based company which runs financial trading websites around the world, has been granted…
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What ia a Total Global Payment Solution?
ExactPay is a new ‘State of the art’ global payment system that enables fast and secure processing and transfers of multi-currency payments across international borders. ExactPay’s flexibility allows you, as a Member, to manage all of your payment needs anytime, anywhere, in any currency. Global payments are sent and received on-line instantly. ExactPay settles all…