|
You are here : Home >> Currency Street >> Report |
|
|
| |
Brazil to authorize bank accounts in forex |
| |
|
|
| |
Brazil's Central Bank plans to authorize the opening of bank accounts in foreign currency in a bid to slow the sharp rise of the national currency real against dollar, according to Brazilian monetary authority.
Analysts said opening of foreign currency bank accounts would avoid the appreciation of real which resulted from the strong inflow of foreign capital into Brazil's robust emerging economy.
Receive $25 free with a Forex Micro account
The reduction in transaction costs would "lessen the pressure" in the exchange system, analysts said.
Brazilian finance ministry is also ready to approve a decree authorizing the Sovereign Fund, sourcing from the budget surplus, to purchase dollars.
Brazil's currency recorded an appreciation of 0.95 percent in October and a cumulative appreciation of 24.67 percent in 2009. Since Oct. 30, 2008, real has accumulated a gain of 16.62 percent.
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| Technical Calls |
|
| |
Gold can touch $1,225 per ounce by next week |
| |
What Eric is saying here also lies in the shortening of the steps in the stair step gold action. At new highs, such as now, this formation is a rare set up suggesting an exponential rise.
Rev. Doug, who is no slouch when it comes to gold, anticipat |
 |
| |
Gold price will double $1,150: Jim Rogers |
| |
The most bullish investor on gold these days seems to be the global commodities investor Jim Rogers. Rogers, based in Singapore, and a big investor in the Chinese commodities market says, gold price should double the current $1,150 per ounce level. |
|
| |
Gold price to average $1,140: Barclays Capital |
| |
Barclays Capital says gold prices will average $1,140 per ounce in 2010, says Barclays Capital. "We expect prices to maintain their upward momentum through to at least the first half of 2010, where we expect prices to average $1,140 in the second qu |
|
|
More> |
|
|
|
|
|
| |
|
| |
Crude oil futures continued to trade down in mid London trade Friday as the US dollar strengthened against the major currencies apart from a dip in the global equities. |
 |
| |
|
| |
Gold futures fell in negative zone as dollar gathered some strength in mid London trades. Dollar typically strengthens when there are less data releases from US. |
|
| |
|
| |
MCX Comdex was up by 2.35% to 2694.17. MCX Energy was down by 0.22% to 2651.55, MCX Metal was up by 3.70% to 3226.02 and MCX Agri was up by 4.84% to 2255.10. |
|
|
More> |
|
|
|
|
|
| 
FeedBurner
