The GDP of China rose in the second quarter by 2.2% (Q-2-Q), which is nearly 9.6% in annual terms. This is nearly the same rate as in the first quarter in which the annual growth rate was 9.7% and the quarterly…
Tag: Euro to US dollar conversion
Will the recent rally in oil prices last? Daily outlook 26 May
Crude oil prices have enjoyed from a rally in the last couple of day. Will this rally continue? The current status in the commodities markets show that crude oil prices are traded down. What is stimulating the recent rally? Let’s…
Oil prices daily outlook 25 May
Crude oil prices are currently trading up, as they did yesterday. What is next for oil today? Let’s examine the recent news related to crude oil trading for today, May 25th: Crude oil prices – May update Yesterday, May 24th,…
Major currencies drop against the US dollar
The major currencies including Euro to US dollar conversion rate and Australian dollar /US dollar due to speculation over these economies’ progress. The Euro to US dollar conversion rate is declining probably due to the speculation around the economic recovery…
Portugal is to receive from IMF 36.8$ billion
The debt crisis in Europe continues to reach the headlines, this time it comes from Portugal: The IMF (International Monetary Fund) has recently approved to provide 36.8 billion US dollar to Portugal as part of rescue packaged. The total rescue package…