for gold is relatively strong, as oil prices coming down the current account deficit have reduced the import bill for consuming countries such as India, analysts expect decent physical offtake that would help prices.
Given the speculative demand
, especially in the middle-income housing market, the revision of the weightage of housing in the overall (CPI) basket apparently seems to digress from the reality, an economist said.
Ibrahim Mu'Azu, director of Corporate Communications at the central bank, said, 'The apex bank noted that the wide gap between the official and interbank value of the naira had engendered undesirable practices, including round tripping, speculative demand
, rent seeking, spurious demand and inefficient use of scarce foreign exchange resources by economic agents.
Government measures to curb speculative demand
in real estate and better control credit growth have streamlined the industry.
Central Bank Chief Elvira Nabiullina also said it will intervene ''at any moment in the amount necessary to counter speculative demand
In a recent report, the International Monetary Fund (IMF) cautioned authorities in the UAE to stem speculative demand
before it damages the market and causes another property crash.
It's important for Dubai to worry about the impact of speculative demand
for real estate, and not aim for the maximum GDP growth rate.
In complete contrast, EURUSD was dominated by a lack of any strong sentiment or speculative demand
Speaking to reporters before an Executive Council meeting today, Mr Leung said prices had stablised, and overseas and speculative demand
had fallen after the measures were introduced.
The basic argument has been that the return on rupee denominated assets needs to be sufficiently attractive to discourage speculative demand
If so, that could ignite some speculative demand
for the Brazilian real.
who would not have won (in this case Obama) speculative demand
for oil and other commodities and raw materials typically increases.