News By Tag
* Tortola Capital
* More Tags...
News By Place
Tortola Analysts Watch as The Dollar Climbs, Asian Stocks Slip
The dollar climbed to a four-month high on Thursday while Asian share markets fell after China reported its strong fourth quarter growth.
The dollar rose 0.19 percent against a basket of six major currencies to its highest value since September. The euro, which has been weak due to Greece's fiscal woes, plunged then roared back to $1.4070. It last traded at $1.4087, down 0.14 percent on the day.
Concerns that China may be edging towards slower growth weighed heavily on global markets on Wednesday after news that Chinese authorities had forced some major banks to slow lending for the rest of this month after an early boom of credit. Some investors also fear China's moves could hinder a still-weak global economic recovery and slow its insatiable demand for commodities and other imported goods. But most analysts agree that tightening moves by the Chinese central bank would do little to rid the economy of its strong momentum.
# # #
Tortola Capital is focused on providing the most comprehensive and individualized financial planning and services available. As a full service wealth management and brokerage firm, we are able to focus on the needs, aspirations and legacy of each of our clients around the globe. We individually cater services for each client’s situation, and at Tortola Capital it is our goal to understand, anticipate, and meet each client’s changing financial needs with a comprehensive offering of high-quality products and services.