Forex Investment and Currency Trading

High commodity prices still provide strong support for the economy. Official GDP forecasts have been raised, consistent with upwardly revised official oil price assumptions. At the same time, foreign exchange reserves have risen to above USD500bn and S&P recently raised the outlook on its BBB+ long-term foreign currency rating to positive (from stable). Concerns remain over state influence over economic affairs. But the liberal-oriented structural reforms outlined by Russia’s new President, Dmitry Medvedev, are welcome.
The government faces some stiff policy challenges. The upper end of the official inflation forecast for 2008 has been raised to 9.5% from 8.5% due to [...]

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