Tag: Global economic growth
Yuan Needs 3% Gain to Stop Exit of ‘Hot Money,’ Researcher Says
By Judy Chen
March 10 (Bloomberg) — China should let the yuan rise 3 percent against the dollar in 2009 to deter capital outflows and help the country make overseas acquisitions, saidWang Jian, a researcher affiliated with the nation’s top planning agency.
Posted: March 10th, 2009 under News.
Tags: Bailout, China Foreign Exchange Trade System, Currencies, Currency Trading, Dollar, Forex, Forex Market, Forex Trading, Global economic growth, Global Recession, Yuan
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Indonesia Cuts Policy Rate to Boost Consumer Spending
By Aloysius Unditu and Arijit Ghosh
March 4 (Bloomberg) — Indonesia’s central bank reduced its benchmark interest rateto its lowest in almost four years, citing a “big downside risk” to its economic growth forecast.
Posted: March 4th, 2009 under News.
Tags: BNP Paribas, Currencies, currency, Currency Trading, Forex, Forex Trading, FX, Global Crisis, Global economic growth, Global Recession, Indonesia's central bank, Indonesian Economy
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