And work it must, because as you know, data is the currency of tomorrow.
From the start of 2010 (when China first started publishing quarterly BOP data) we experiment with various currency proportions, before settling on the following composition of FX reserves: 60% held in USD assets, 30% in euros and 5% each in yen and sterling.
The Euro currency weakened overnight on more disappointing economic data coming out of the European Union.
The Euro currency Monday on some more disappointing economic data coming out of the European Union.
Marc Chandler, head of global currency strategy at Brown Brothers Harriman, said this data has two-fold implications.
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"Information is the world's new currency, and high-profile data leaks have become much more of a driver of IT spending, " he says.
But Thursday's data means that the 17 countries of the single currency area have not expanded as a group since the autumn of 2011.
If your data is currency such as access control to various amounts of bitcoin on the block chain, then you have surrendered your financial transaction history and potentially the value itself.
If one makes the not-unreasonable jump that our society headed to a place where data and bandwidth are the new currency, the Karma hotspot may the perfect product of our time.
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In currency markets, the dollar trimmed gains following a stellar rise on a recent string of positive U.S. data that have diminished expectations of another round of easing from the Fed.
In addition, data from 2007 to 2010 show that CBP and ICE have increased their seizure of southbound illegal currency and enhanced efforts to disrupt the flow of weapons into Mexico.
The country -- one of four eurozone countries to request a sovereign bailout -- is also grappling with unemployment of over 27%, the highest in the single currency area, according to Eurostat, the Commission's data service.
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