Data
on Wednesday showed that China’s exports have not yet been impacted by U.S.
tariffs rising 12.2% in July from last year. The Producer Price Index cooled
slightly in July, coming at 4.6% from 4.7% in June and suggesting that
policymakers may still have further room to loosen monetary policy. However, if
President Trump goes ahead with his proposed tariffs of 25% on $200 billion
worth of Chinese imports, these gains will be rapidly wiped off.
RBNZ pressures
the New Zealand dollar
Currency
markets were in focus during early morning trade with the New Zealand Dollar
tumbling more than 1% against the U.S. Dollar. NZDUSD fell to its lowest level
since March 2016 after the Reserve Bank of New Zealand surprised traders by
announcing that it is committed to keeping interest rates at record lows
through 2020. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
The central bank also downgraded its 2019 GDP forecast to 2.6% from 3.1%. Given
the slowdown in economic activity and the ongoing global trade dispute, the
RBNZ is sending a message that further easing may be possible in the months
ahead. This is likely to keep the NZD under pressure and test new lows below
0.65 by year-end.
Ruble falls on
sanctions
The
period of sideways trading which lasted for four months seems to be over for the
Ruble. The Russian currency fell more
than 3.3% on Wednesday as Trump’s administration proposed fresh sanctions
following the poisoning of a former Russian agent in the U.K. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
The decline in oil prices also helped to intensify the fall in the Ruble and with
such uncertainty, investors will need to price in further risk premium on
Russian assets. Investors will likely ignore the Russian economic fundamentals
in the weeks ahead and focus on political developments. The Ruble may find some
support around the 67 level, but a break above will lead to further selling
pressure.
Have you heard this? Many
Nigerian exporters have been defrauded of huge amount of money in the process
of exporting commodities to foreign countries. Do you know why? They were not
trained on export operations, management, documentations and the best methods
of payment in export trade. This is terrible!!! Nigerians cannot continue to
lose money to foreigners in the course of export business. Exporters, why don’t
you get a practical manual that teaches the stages of export trade from
processing and packaging of commodities to receipt of payment by the foreign
buyers. It teaches export operations, export management, export documentations
and methods of payment in export trade? It is a contemporary step-by-step guide
to export trade. It tells all the contemporary dynamics in export trade. To get
it, click on the link below:
Hmmm!!! Folks, have you ever
imagined how the financial status of your firm will be when more than 20,000
CEOs and other key decision makers of blue-chip corporations pay for your
products and services or even give you very juicy deals. The link below will
tell you more: http://www.tectono-business.com/2015/07/tectono-business-review-in-conjunction_21.html
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