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Random article: Advance GDP
Advance GDP is the first publication of GDP data from series of subsequent publication of GDP values “advance – provisional –final”. In the USA publication of advance value takes place in the first month of every quarter by the Department of Trade and Commerce, after 20-s, usually at 8.30 a.m of New York time (4.30 p.m Moscow time) The data is published for recent quarter (i.e., in January – for IV quarter of recent year, in April – for the I of current year etc.) and is expressed in annual value, that is to say, quarter value is raised to 4rd power. Upon that, traditional report is not published in dollars or other currency, but is expressed as percentage to the previous quarter.
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Popular article: Knowing Foreign Currency (Forex) Best Business Ever
The foreign exchange market itself experienced a rapid growth in the early decades of the 70s. As for the cause of the foreign exchange market is growing rapidly, among others are: 1. Movements in foreign exchange rates that experienced significant movement so that it appeals to certain circles to engage in the foreign exchange market. 2. Businesses are getting more global. As business competition gets bigger, companies need to find new resources that are cheaper, and spread all over the world, causing demand for the currency of a particular country. 3. The rapid development of telecommunications in the presence of telephone, telex, fax, internet, has made it easier for market participants to communicate, making transactions easier. 4. Gains earned in the foreign exchange market tend to increase the desire of various parties trying to gain a gain (profit) from the movement of foreign exchange rates.
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