We all know that news is an important part of our lives. No tomorrow for us without looking at the newspaper sipping a cup of hot tea. However, in addition to news of the situation in the region, it is good to know what is happening in the country in the context of business, foreign exchange, etc., and the management of the country’s finances. There are many websites, magazines and even mobile applications where you can read forex news and know how foreign currency traders are progressing and strive to effectively maintain the country’s financial market. Let us know some of the latest exchange news that will give us more information on the financial market, the exchange rate and the overall financial conditions of each country.
China’s central bank issued the second largest amount for Forex in 2018
ING economist Iris Pang confirmed that by 2018 China’s central bank had generated $ 91.58 billion worth of foreign currency purchases. It turns out to be the second highest figure ever for currency purchases in 2018, the highest ever recorded for currency purchases in September of the same year 2018, at 119, $ 39 billion.
This reflects the fact that foreign exchange purchases have become an integral part of the finances of many countries and that a significant portion of the budgets of various countries is destined for the purchase of foreign currency. Forex brokers are very important for managing the foreign market because they help a lot in currency trading.
The euro will now be traded laterally
Several UOB analysts said the euro would now move sideways. The current upward pressure has been eased and for this reason the euro should probably fluctuate laterally, probably between 1.18 and 1.144. It is expected that several weeks will pass before the euro exceeds these levels. Various indicators are currently virtually unchanged and the recent move indicates the consolidation phase.
USD falls, GBP is seventh heaven
The pound sterling is the big winner of the recent meeting. It remained at its peak for more than a week, remaining at 1.29. The euro remains at 1.14, which has slightly improved thanks to the Brexit bonds. While the pound is rising sharply, as noted above, the US dollar does not meet expectations in most cases. With the exception of the NZD and the AUD, it is behind its counterparts.