The price of gold is due for a correction and this could be used as an entry point by investors eager to get exposure to the precious metal, while the dollar is likely to strengthen as there has been too much pessimism about it, famous investor Jim Rogers told CNBC Tuesday.
Stuart Oakley, Head of Emerging Markets FX Trading at RBS says investors starting to pull away from Euro and the most important driver of that currency is central bank buying.
China Construction Bank is in talks to buy a bank in Brazil amid plans to open a subsidiary in Latin America’s biggest economy, according to officials and people familiar with the matter. The FT reports.
Ronald Arculli, Chairman of Hong Kong Exchanges and Clearing, says HK is not immune to the global financial turmoil. The recent tech upgrade, he adds, will help HKEx introduce new business lines.
Adrian Foster, Head of Financial Markets Research, Asia Pacific at Rabobank discusses his outlook for the Chinese yuan amidst ongoing calls for it to appreciate faster.
Even if China would like to support the Eurozone, it cannot bail out risky crisis economies. There is a win-win solution, but that requires concessions on both sides.
Patrik Nagel, vice president of sales at ADS Securities, talks about the Asian FX market becoming the second largest in the world and explains why it will continue to attract investors.