In October, euro zone inflation demonstrated its fastest tempo for almost six years, powered by energy prices…
US Treasuries positions are reduced by Japan and China in November
In November, Japan and China, the two leading foreign American creditors, diminished their holdings of American government debt, when the evergreen buck weakened versus the two countries' currencies, as data from the US Treasury Department published on Wednesday revealed.
Their reduced position in American Treasuries underpinned the notion, which foreign key financial institutions are actually cutting back their greenback exposure in their FX reserves.
Reserve diversification has recently drawn attention of market participants with the underperformance of both the evergreen buck and Treasuries consistent with hopes of major banks cutting allocation to the US currency, as some financial analysts stressed.
In October, the International Monetary Fund informed that the greenback’s share of global FX reserves dived in the third quarter of last year to 63.5%, which is its smallest outcome since mid-2014.
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…