Switzerland’s GDP Growth Dissapoints

Switzerland’s fourth quarter GDP growth was only 0.1% annualized between Q3 and Q4 of this year. Q4 GDP grew 0.6% from last year’s fourth quarter and full-year GDP growth in Switzerland was 1.3%, below growth in the Eurozone of 1.7%. The culprit for the weaker growth was sluggish exports, which have struggled with the Swiss Franc continuing More...

by David Duncan | Published 2 months ago
Bitcoin
By Viliyana Filipova On Thursday, January 5th, 2017
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Bitcoin freefall after massive sales in China

The crypto-currency Bitcoin started freefall and depreciated by almost 20% this afternoon after large sales in China, growth of the Chinese yuan and liquidations of short positions by OKCoin. The digital currency More...

Bitcoin
By Viliyana Filipova On Thursday, January 5th, 2017
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Bitcoin reached new record high

The Bitcoin reached a new record high on Wednesday, becoming an increasingly attractive asset for investors. The digital currency appreciated, due to increasing interest in China and some other parts of the world, More...

Turkish lira
By Silvia Hristova On Tuesday, January 3rd, 2017
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Turkish lira weakened against the US dollar

The Turkish lira weakened against the US dollar, falling with 1.6% to a new low exchange rate of USD/TRY at 3.60. The situation in the country is extremely delicate because the attacker, who killed 39 people at More...

Bitcoin exchange rate
By Joshua Jadon On Monday, January 2nd, 2017
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Bitcoin exchange rate surpassed 1,000 USD

The digital currency Bitcoin exchange rate appreciated above the 1,000 USD for the first time in three years. It overtakes all other currencies with appreciation of 125% recorded in 2016. The crypto-currency does More...

China money exchange
By Silvia Hristova On Sunday, January 1st, 2017
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China tighten policies for foreign currency exchange by individuals

China will tighten even more the foreign currency exchange by individuals, as part of the policies against the colossal flight of capital from the country amid the depreciation of the yuan. The individuals customers More...

Iranian oil
By Joshua Jadon On Tuesday, December 27th, 2016
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Iranian rial fell to historic low against the US dollar

The exchange rate of the Iranian rial against the US dollar reached a historic minimum, deepening the decline that began six months ago. The exchange rate of the Iranian currency decreased, despite the hopes raised More...

Bitcoin
By Viliyana Filipova On Thursday, December 22nd, 2016
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Bitcoin market capitalization rose to record value

The total value of all Bitcoin in circulation surpassed a record 14 billion USD after the digital currency rose by 5%, reaching the highest levels in three years and having increased in value more than doubled this More...

Demonetization
By Joshua Jadon On Thursday, December 22nd, 2016
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Demonetization increasingly spreads around the world

Six weeks ago, when the Indian prime minister Narendra Modi announced the government’s decision to withdraw the banknotes of 500 and 1,000 rupees, not only Indians were shocked. The world leaders, economists More...

British pound
By Joshua Jadon On Monday, December 19th, 2016
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British pound is most undervalued currency in the G10

The British pound is trading around key levels, as traders reported a lower than usual volumes at the end of the year. The British currency close to its 50-day moving average against the US dollar at a level below More...

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