Most recently, the National Bank of Ukraine assured citizens that he sees no preconditions for the devaluation of the hryvnia (UAH). Last week, the deputy chairman of the National Bank of Ukraine Aleksey Tkachenko said: "We have all the possibilities to maintain stability of exchange rate." Apparently, the possibility of the NBU did not coincide with its wishes. The fact that officials do not see the prerequisites for the collapse, does not mean that they are not a possibility of it. Since the beginning of 2014 the dollar on the...
Professor of Economics and Political Science at the University of California at Berkeley and a former advisor to the IMF Barry Eichengreen said in an interview with German magazine Der Spiegel, that the U.S. economy is already recovered from the difficult times and begin to grow, but European still has problems. This was, according to the American, evidenced by a number of factors. Thus, Eichengreen says, in the United States was reduced the tax burden and the citizens have more money they can spend. The U.S. companies gradually increase...
The US Federal Reserve Bank starts their two day meeting today with the much anticipated announcement tomorrow. There are almost no market participants who do not expect a $10 billion reduction in monthly stimulus down to $65 billion per month; $30 billion in mortgage backed securities purchases and $35 billion of treasury purchases. The US Dollar will benefit from a reduction in stimulus as the supply of US Dollars will be increased at a slower pace. Overall the US Dollar is the most oversupplied currency and therefore has a downward bias...
The US economy may be much weaker than economists have initially predicted and the most recent evidence for this fear is a serious of manufacturing reports from different region of the US which all came in much weaker than economist have expected. The weather has been blamed for this which is not the best way to explain economic weakness. Regardless if the weather had an impact, orders as well as employment components of the reports all point to weakness ahead and several reports are either showing contraction or are really close to it....
This week, the European Commission published a winter economic outlook for the euro area, which showed that its experts have become a little more optimistic about the future of the region than in the autumn of last year. Already in November last year European Commission started to improve its economic forecasts for the euro area on the background of good signs that began to appear. However, the situation in the euro zone in the next two years will be far from cloudless. "The worst part of the crisis, perhaps, is behind," said...
