Currency trading
It’s a stark numerical conundrum: there are only so many standardized tests that boys and girls in the United States can be made to take. If only there were children in some other part of the world who could benefit from a diet rich in assessments and robust in metric… Great news, reader! The hundred of millions of children who live in developing nations, including the world’s poorest countries, represent the next great testing boondoggle frontier of measurability. Inhabiting a little known region known as the *global data gap,* we’ve never before known what they don’t know. But that’s about to change.
There will be a test
This ambitious
marketing plan response to the global measurability crisis is the product of something called the Learning Metrics Task Force, which is itself a product of the Brookings Institute and the UNESCO Insitute for Statistics. Also somewhere high up in the mix: the Secretary-General’s High-Level Panel of Eminent Persons. The full report is available here, but read carefully as you will be tested—along with all of the children in the world.
The global data gap
As with so many looming crises we don’t yet know just how large this one looms because we lack the kinds of robust measures that would allow us to measure the crisis. Got it? Learning Metrics Task Force: take it away.
Euro rises with the support of the approval of the Greek parliament on bailout package.
The euro rose on Friday, following the approval of the Greek parliament on a new rescue package and regained currency markets relatively calm after a week that saw a decline of the value of the Chinese yuan, including triggered unrest in the global financial markets.
The euro stood at 1.1185 dollars and tends to bring the largest weekly gains against the US currency since mid-May.
Currency rates and emerging Asian markets continued to decline destined to incur a sharp weekly losses and Malaysian ringgit fell to a new level is the lowest in his 17 years.
People’s Bank of China (central), confirmed today, the mid-point of the yuan at 6.3990 yuan to the dollar, slightly higher than Thursday’s levels.
Earlier, the government of Greek Prime Minister Alexis Tsipras got enough votes to win parliamentary approval on the rescue package, thanks to their access to support the opposition.
It came hours of the meeting of finance ministers of the euro area is expected to approve before the rescue program and pave the way for the provision of aid to Athens before the date of repayment of debt solutions in the next week.
The news was received after the publication of disappointing data for the hopes of the French and German economic growth in the second quarter of the year as growth has led to the euro area economy by 0.3 percent on a quarterly basis, compared with a forecast growth rate of 0.4 percent.
Euro gains and led to the descent of the dollar index, which tracks the US currency’s performance against a basket of major currencies 0.3 percent to 96.119. The dollar lost 0.3 percent of its value against the yen, reaching 124.11 yen.
Currency guided lower again Thursday as China’s central bank struggles to manage market
China guided its currency lower for a third day Thursday after briefly intervening to prop it up the day before, showing how the leadership is struggling to manage the market in largely uncharted territory for Beijing.
The central bank engineered what looked like a win-win when it ceded more control of its currency to markets earlier this week, in a step toward liberalization that also gives Chinese exporters an edge. But now it also has to manage market expectations to keep the yuan from entering a free fall—a challenge for central banks world-wide but one that China has avoided by tightly controlling the value of its currency.
China intervened in the currency market Wednesday in the final moments of trading, people familiar with the matter said, after the yuan weakened nearly 2%—the daily limit—to its lowest level against the dollar in four years. On Thursday, the central bank set the yuan’s fixing only marginally lower, a
sign it wants to let the yuan depreciate but only in a measured way.
Meeting with reporters in Beijing Thursday for a rare briefing, central-bank officials stuck to their message, saying that the exchange rate will become more market driven but insisting that the central bank has the ability to keep the market in check with China’s “ample” foreign-exchange reserves.
But a controlled descent may prove elusive. “It’s going to be a period of volatility for the next few months before [the yuan] finds its equilibrium level,” said Alexandra Edstein, senior portfolio manager at The Cambridge Strategy’s Asian currency fund.