New Faces, Old Friends

Economic News
15 mar 2018
New Faces, Old Friends

After replacing Rex Tillerson with a new Secretary of State, the head of the White House turned to the economic sector. In a new solution Donald Trump replaced the director of the National Economic Council of the White House Gary Cohen, putting on his position investor and economist Larry Kudlow, who is familiar to the president.

A reshuffle in offices is about to take place in China too, where the current head of the national bank for the past 15 years, Zhou Xiaochuan, is about to retire. Because of this on March 19 the President of China Xi Jinping is expected to announce a new head of the People's Bank of China.

Investor interest in cryptocurrencies remains, however, the majority of it is focused on sales. Thus the course of the reference cryptocurrency Bitcoin fell below the psychological mark of $9,000 and is close to the level of November 2017. It is a possible scenario that the price reaches the level of $6,000, but this can only happen if there are escalating short trades with this instrument.

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