China’s Forex Reserves Drop To A Five-Year Low
China's foreign exchange reserves dropped to $3.185 trillion in August, which is the lowest since 2011 according to data published by the country’s central bank, the People's Bank of China. However financial analysts have stated that the decline is in
Read MoreNike signals bearishness post-Rio Olympics
As the curtain was drawn on the Rio Olympics, there was one stock which caught the market’s attention. It was Nike, Inc. (NYSE: NKE), the renowned sportswear and apparel manufacturer. During the first three weeks of August, the share price
Read MoreCanadian dollar to rise on better than expected GDP growth
The wildfire in the Alberta region of Canada and the subsequent news of its negative impact on the export revenues kept the Canadian dollar weak for the most of August. Similarly, the uncertainty in the US Fed rate hike and
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