We all know that news is an important part of our lives. When it comes to sipping hot cups of tea, no newspaper is complete for us without the gloss of the magazine. But besides all the news of what's going on around here, it's good if anyone is familiar with what's happening inside the country in the context of business, currency exchange, etc., and how the country's financing is handled. There are many websites, magazines and even applications for mobile phones where one can read Forex news and find out how foreign currency brokers are trying their hardest to maintain the country's financial market effectively. Let's know some recent foreign exchange news, which will give us a deeper look at different countries & # 39; Financial markets, foreign exchange policies and the overall financial situation of the country.
China's central bank spent its second largest amount on forex in 24 Fore
ING's economist Iris Pang confirmed that in the 21st, China's central bank spent $ 1.3 billion on forex purchases. It became the second largest amount spent on foreign currency purchases in the 21st, while the highest amount spent on foreign currency purchases was in September 2018 of the same year, and was more than $ 119.39 billion.
It is a testimony that foreign currency purchase has become an integral part of the money of different countries and significantly higher parts of different countries; Budgets go toward foreign currency buying. Forex brokers are really important in managing the foreign exchange market.
The EUR is expected to trade side by side from now on
Various analysts at UOB have suggested that the EU is expected to trade side by side from now on. The current ward upward pressure has been reduced and this is because the EUR will probably trade in a broad range of 1.128 to 1.144, at least for now. It is hoped that in the end these levels may take several weeks to break into the EUR. The various indices so far are almost flat and the recent move indicates a period of consolidation.
USD Falls, GBP at Cloud Nine
The Pound of The Great Britain is a clear winner in the recently held session. It stands at its highest level for more than a week, standing at 8.25. EUR is still at 1.14 which has received a slight upgrade due to the Brexit title. Although GBP is rising higher than ever, the US dollar is not meeting expectations for the most part. It's reading behind its parts, excluding NZD and ADD.
These national news stories provide a lot of details about the money and currency of different countries, don't they?