Economy

Fed Signals Gradual Rate Hike; Asian Currencies Won and Ringgit Gain on Weaker Dollar

Fed Signals Gradual Rate Hike; Asian Currencies Won and Ringgit Gain on Weaker D

Among the Asian currencies, the Korean Won and the Malaysian Ringgit gained vs. the dollar following news that the Federal Reserve plans to adopt a gradual pace in tightening the monetary policy in the country.

Demand for Treasury’s Auction Weak as Traders Expect an Interest Hike this Year

Demand for Treasury’s Auction Weak as Traders Expect an Interest Hike this Year

The U.S Treasury's auction of two-year notes failed to generate expected steam as demand remained the lowest since 2008. It resulted mostly because bond traders bet that this week, Federal Reserve policy makers will admit there are signs of economic strength which has a direct relation to the Federal Reserve's consideration of an increase in the interest rate this year.

Chinese Currency Faces Increasing Pressure

Chinese Currency Faces Increasing Pressure

The Chinese government is putting in efforts to stabilize the currency markets. The central bank of the country adding verbal support to the exchange rate following a drop in the currency's value in the past week against the green back to point that was lower than a key level.

China’s Economic Growth in the Second Quarter Remains Steady but not without a Price

China’s Economic Growth in the Second Quarter Remains Steady but not without a P

In the second quarter, growth in China's economy remained almost at level with the first quarter but to keep the growth rate steady, the economy is paying a heavy price with a strong pace of credit creation.

Unemployment Rate in California Climbs for First Time in Almost Six Years

Unemployment Rate in California Climbs for First Time in Almost Six Years

The unemployment rate in California is on the rise. After May's 5.2 percent the unemployment rate in the state climbed to 5.4 percent in June. According to the Employment Development Department, increase in unemployment rate was noted for the first time in about six years.

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