In comments to the UN, the Chinese Prime Minister pointed out that there is no reason for the "big building" RMB. Comments are not a surprise in this audience, these trainees, he also repeated the sentiment in China rebalansirovat own economies to reduce trade surplus with the United States.Gold and metals. "Gold at new highs," was all headers on Wednesday, although this is the case when you have to share the situation with metals and foreign exchange factor. Gold rose to dollars, GBP, CAD and JPY, while the euro has fallen in price. In fact, gold has consistently roughly against the euro since the beginning of the month. The result is now history with the currencies of precisely such as feed, as often happens. Last year after the start of quantitative easing, the Fed, gold has experienced a rally at 8% over the first six months against the dollar but the euro has decreased in price by 4-5%. In fact, from March to September, the correlation between gold and the dollar index was about 0.55, twice that of last year. It's another thing to track in the coming weeks: Will the dollar is more a game than the base metal.
Rare minerals and products. Also at the side of the raw material escalation of tensions between China and Japan. The press reported that China blocked exports of rare earth minerals in Japan, which in turn denied by Chinese officials. It is worth attention. Also, now you talk about "agflyatsii" in the context of growth in food prices around the world. The British Telegraph reports that China has become a net exporter of grain "for the first time in modern history", it happened because of the drought in Russia, which has caused considerable damage to crops. Rising food prices - often happens a cyclical phenomenon, between 2006 and 2007, food prices rose by 40%, according to the index Bloomberg world food. On the same index, prices have already added 20% over last year. Emerging markets will be under a big blow, if this trend continues, as the food they are making a greater contribution to inflation.
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