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China Gets Aggressive With Forex Reserves
Posted by Stock Online Trader on March 12, 2007 in Currency, Emerging Markets
Did you know China has more than $1 trillion in foreign currency reserves after posting huge trade surpluses year after year !! Add to that China’s reserves is growing at $20 billion every month !! For China, that is simply spectacular, for U.S. well…sigh* So what does China do with the 1$ trillion ? Right [...]
Forex: Do You Understand Currency Movement ?
Posted by Stock Online Trader on February 25, 2007 in Currency, Educational
There used to be a time when trading on the currency exchange (foreign exchange market or forex) was not for everyone. It used to be a domain for government central banks, commercial banks, investment banks, hedge funds and huge international corporation. However with the advent of the electronic trading networks, trading in forex is now [...]