Forex update – the USD rallies up against other currencies

 Interestingly enough, these days the US good economic news tend to come all together, as did the bad news for several months in a row previously. First of all, the USD has gained a serious foothold against the troubled Euro, up to 0,67 of 1 euro. It has done so by steadily climbing in the last 5 days from 0,657, which is quite a performance for such a short period. Of course, this has led to huge gains (or losses) on the forex markets, but it also provided a short respiro to the troubled US economy who seemed to see no light at the tunnel end.Read More »Forex update – the USD rallies up against other currencies

Global economic growth continues – macroeconomic analysis

After solid and broad-based growth for three consecutive years the world economy decreased slightly in 2007 with anticipated GDP growth back to 2005 levels at 4.9 % and 3.3 % forecast for 2008 by the World Bank. Developing countries and economies in transition continued their strong economic growth with the previous years, i.e. 5.9 % for developing countries and 6.5 % for countries in transition.Read More »Global economic growth continues – macroeconomic analysis

Phosphoric acid prices continue their increase

After a lengthy stretch of stable prices, phosphoric acid prices started to climb in 2005. In the first quarter of 2008 merchant-grade phosphoric acid prices passed the US$ 1,400 / t P2O5 mark with OCP settling some contracts at US$ 1,425 to 1,450 / t P2O5 for Western Europe. It has been  understood that the prices have been agreed for a short term period on quarterly basis.Read More »Phosphoric acid prices continue their increase