Archive for July, 2011

Mercer’s Cost of Living Survey for 2011 is now live, and the result might surprise some of you. It’s not London, New York or Tokyo that’s most expensive to live in for expatriates, rather an African city – Luanda in Angola.

Photo above: Credit to Yukiba.com

However, Tokyo comes in as the 2nd most expensive city to live, while N’Djamena in Chad turns out (more…)

After losing ground for 13 months in a row, USD is about to break out and gain momentum against both euro (EUR) and sterling pound (GBP), according to technical analysts.

Why is USD gaining ground?

Many European countries economy is weak, with Portugal getting downgraded by Moody’s and Greece are having big problems paying their debt. Italian stock market fell almost 9 % previous week over yield spread concerns.

In fear of rising inflation, ECB increased the interest rates last week, without any positive effect on the exchange rates.

Both USA and British economies remains week, but not as bad as the Eurozone.

What do you think about EUR, GBP and USD? Will USD gain significant against sterling and the single currency?