A weekly section discussing how general events can influence the future of cryptocurrency sector
US Hitting Debt Limit on March 16th
Treasury Secretary Jack Lew has written a letter to House Speaker John Boehner, confirming that the United States will hit its debt limit on March 16th. On Friday last week, Lew already suspended the securities given to State and Local Government Series, a step which will continue to extend until the debt limit is raised.
Goldman Sachs Predict the Fall of Euro in 2017
Goldman Sachs has updated its estimate for Euro, which is now on the verge of parity against the dollar, and believes that will depreciate to below parity within a year and will fall to a record low of $0.80 by the end of 2017.
South Korea Clamps Down Interest Rates
The South Korea Central Bank unexpectedly cut its interest rate by a record margin. According to the authority, the decision was taken to “prevent the country from falling into deflation and support economic growth.”
Brazil Inflation Will Increase in 2015
Brazil’s Central Bank believes that there could be an acceleration in the inflation by the end of this year. The prediction comes despite the fact that they have just cut down their interest rates.