We all know that the news – an important part of our lives. None of the morning is not complete for us without looking in the newspaper, sipping a hot cup of tea. However, along with all the news about what is happening around, well, if you get to know what is happening inside the country in the context of business, currency exchange, etc., and how to manage the finances of the country. There are many websites, magazines, and even applications for mobile phones, which can be read Forex news and to learn about how to move foreign exchange brokers and are making their great efforts to effectively maintain the country's financial market. Let us know about some of the latest news in a foreign currency, which will give us more insight into the financial markets of different countries, monetary policy and the overall financial condition of the country.
China's central bank has spent the second highest amount in the Forex market in 2018
Iris Pang, an economist of ING, has confirmed that in 2018 China's central bank has spent a tremendous amount of 91.58 billion dollars for the purchase of the Forex market. It turned out, it is the second largest sum that was ever spent on the purchase of foreign exchange in 2018, while the largest amount that has ever allocated to purchase currency, was in September of the same in 2018 and amounted to 119.39 billion.
This suggests that the purchase of foreign currency was neodymium & # 39; emnay part finance of various countries and significantly higher portion of the budgets of the different countries is to purchase foreign currency. Forex brokers are really important in the management of the external market, as they are very helpful in the currency exchange.
It is expected that the euro will trade sideways
Various analysts at UOB suggested that, as expected, the Euro will trade sideways. Currently the pressure upward relaxed, and it is for this reason that the euro may trade side, at least for now, probably, in a wide range of one thousand one hundred twenty-eight to one thousand one hundred forty-four. It is expected that final break through these levels, the euro could take up to several weeks. Since that time, various indicators are almost equal, and the recent movement suggests consolidation phase.
USD falls, GBP – on cloud nine
British pound – a clear winner in a recent meeting. He remained at the highest level for over a week and stayed at 1.29. The euro is still at the level of 1.14, which is slightly increased due Brexit header. While the GBP rose as before, the US dollar in most areas does not justify expectations. He lagged behind their counterparts, with the exception of NZD and AUD.
Such news give us many details about finances and currencies of different countries, is not it?