We all know that the news – an important part of our lives. None morning is complete without a view of the newspaper for us, 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 different countries & # 39; financial markets, 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 purchases on Forex 91.58 billion. It turned out, it is the second-largest amount spent on the purchase of foreign currency 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 dollars.
This is evidence that the purchase of foreign currency was neodymium & # 39; emnay part finance of various countries and much higher part of the different countries & # 39; budgets go towards the purchase of 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. The present pressure upward weakened, and for this reason can be traded Euro side, at least so far, probably in a wide range of from 1,128 to 1,144. 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?