This paper examines central bankers who might consider a different monetary policy than the generally accepted price stability mandate given to them. In a setting where a global crisis hits, central bankers’ differences in types may thus lead to extravagant inflation. » » » »
Monthly Archive for July, 2009
Peoples Republic of China is the only Country in the world who’s foreign Exchange reserve rose to $ 2 trillion in current International Financial crises, where as US Bank loses have exceeded more than $ 1.4 trillion and worlds only super power (USA) is struggling to come out from the current financial crises and to over come the highest ever unemployment rate of 10 percent by injecting various stimulus packages » » » »
July17, 2009. US currency rose against European currency and British pound and Japanese currency Yen after US commerce department released housing starts data which » » » »
July 16, 2009. Peoples Bank of China said yesterday that China’s currency reserve rose up to $ 2 Trillion. China is continuously buying dollar assets as Central Bank of China is selling its currency “Yuan” to prevent appreciation in its currency Yuan to help countries export less expensive. Analysts who said earlier that if European currency breaks key resistance level at $ 1.4122 will move forward to $ 1.4200. The currency has already broken that level and may go up to $ 1.4200 at any time. » » » »
July 13,2009. While Saudi’s hinted out in near past that they will be comfortable with Crude oil price in between $ 60 to $ 70 a barrel, crude prices have again fallen to $ 59.42 a barrel for August delivery, where as Futures touched $ 58.32 a barrel . In July 2008 Crude prices touched record highest level $ 147.27 a Barrel.
Now a days every one is talking about economic recovery and steady prices, Traders are focused on $ 50 a barrel in near future due to enormous challenges to American Economy.