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    • Join Date: Jan 2007
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    #1

    gathering trend marks, rising foreign exchange reserves bear watching

    Besides the FIIs pulling out, there is dollar demand also from the State-owned oil importers. So long as the global financial turmoil persists, the central bank will keep offloading greenbacks.
    Its foreign exchange reserves kitty is already slimmer as a result. Whether this gathering trend marks a sudden reversal of the phenomenon of rising foreign exchange reserves bears watching.
    But one thing is for sure. There's not much that can prevent weakness in the currency unit in the period ahead.

    Could you explain the emboldened parts to me?
    I know the meaning of individual words but I can't understand them altogether. I even know the meaning of "foreign exchange reserves".


    • Join Date: Oct 2006
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    #2

    Re: gathering trend marks, rising foreign exchange reserves bear watching

    this gathering trend marks a sudden reversal >> indicates / identifies a reversal point - the point at which the market begins to go down.

    the phenomenon of rising foreign exchange reserves bears watching. >> It is worth keeping an eye on [noting] the rising foreign exchange.

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    #3

    Re: gathering trend marks, rising foreign exchange reserves bear watching

    Whether this gathering trend marks a sudden reversal of the phenomenon of rising foreign exchange reserves bears watching.

    I understand it as
    - gathering trend = growing trend, becoming more apparent.
    - marks = signifies, shows, presages.
    so the writer wonders if the trend he sees growing will suggest a reversal...

    - rising foreign exchange reserves = each country has a reserve/stash/extra resource of foreign currency. It appears that these reserves are growing.
    - bears = warrants, is worth,
    - watching = paying attention to / worrying about
    so we speak of the phenominum of growing foreign cash reserves; is it sufficiently disturbing to command my paying attention?


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    #4

    Re: gathering trend marks, rising foreign exchange reserves bear watching

    Thanks a lot.

    What does "rising foreign exchange reserves" mean here?

    Does that mean "number of foreign exchange reserves centre has been increasing"?

  1. BobK's Avatar
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    #5

    Re: gathering trend marks, rising foreign exchange reserves bear watching

    - 'bears watching' here means 'it'd be advisable to keep an eye on it'. In this sort of context it would be easy to be misled by the financial jargon use of 'bear' (noun) to mean 'someone who makes money from a falling market', and by extension - more loosely - a pessimist.

    b

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