We all know that the news is an important part of our lives. There is No tomorrow for us, without having a vision of the newspaper while sipping a hot cup of tea. However, along with all the news of what is happening around you, it is good if one is familiar with what is happening in the interior of the country in the context of business, foreign exchange, etc, and how the country’s finances are managed. There are many websites, magazines and even apps for the mobile phone, where one can read the Forex news and know about how the forex brokers are making progress and put in intense efforts to keep the financial market of the country effectively. Let us know about some of the latest foreign exchange news, you will give us a more in-depth view of the different countries in the financial markets, exchange rate policies and the overall financial situation of the country.
The Central Bank of China has been its second-largest amount in the foreign Exchange market in the year 2018
Iris Pang, an economist at ING, has confirmed that in the year 2018, the Central Bank of China hatred spent a whooping amount of 91.58 billion dollars in purchases of foreign Exchange. This has become the second-largest amount spent in foreign exchange purchases in the year 2018, while the largest amount ever spent on the exchange of foreign currency purchases was in September of the same year, 2018, and was as high as 119.39 billion dollars.
This is a testimony to the fact that the foreign exchange purchases have become an integral part of the finance of several countries, and a significant high part of different countries of the budget goes to foreign exchange purchases. The Forex brokers are really important in the management of the foreign markets, since they help much in the foreign currency exchange.
EUR is expected to trade sideways from now on
Several analysts of the UOB have suggested that the EUR is expected to trade sideways from now on. The current rise of the maps of pressure has been relieved and it is for this reason that the EUR is likely to trade sideways at least for now, probably within the wide range of 1,128 two 1.144. It is expected that it may take several weeks for the EUR two finally break through these levels. Various indicators are almost flat as of now and the recent movement indicates that the consolidation phase.
USD falls, AUD in the cloud nine
The Great Britain Pound, is the clear winner in the session which has taken place recently. It was at its highest for more than a week, staying in 1.29. The EUR is still at 1.14, which is a slight upgrade due to the Brexit holders. While the GBP rises as we have seen before, the dollar of the united States of America is not the realization of the expectations of the majority of the pieces. Is lagging behind its counterparts except for the NZD and AUD.
This type of news provided us with a great amount of detail about the finances and currencies of different countries, isn’t it?