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SOSTHENE & CHINA. The newest-and secret-turn of Chinese currency policy has been directly inspired by Sosthène. PBOC has created 'black' money on a very large scale, the equivalent of 7 CENTS on the Forex USD/CNY exchange ! (Hugely) Printing money used to be a US only policy.
Need someone to explain some questions to me as I was looking at investing in a GBP vanguard etf on the LSE. Yesterday the fed kept rates the same. My understanding is that this tells the market the U.S. Economy is not as strong as previously expected earlier in the year. This would cause USD to drop and it did. This morning Bank of England also chose to keep rates the same. This would mean that the UK economy is not stengthening also. This should cause the GBP to drop. However it has risen today. These two no changes of rates should cancel each other out however the GBP has risen. I am newer to investing and was hoping to pick up a UK GBP etf as a long term play in hopes that the GBP will appreciate and inhance my returns. I would then sell and switch to a similar USD etf. Obviously I should not go through with this plan now as the two announcements have made this a play I do not understand. All my positions are long etfs other then a about 15k in tot, rds.b, and bp. (Bought in low enough for high yields and hopefully a rebound in share prices with oil).
http://twitter.com/forex_in_world/status/1308756477021044736Chart Art: Brief and Prolonged-Term Retracement Plays on USD/JPY and AUD/NZD https://t.co/KQoUt2rRaV— FOREX IN WORLD (@forex_in_world) September 23, 2020
FOREX. Home » FOREX. FOREIGN EXCHANGE RATE as of 2020-25-09 14:02:25. Notes: 1. Currencies other than USD are available in selected BDO branches only. Please click here to view list of selected branches. 2. Rates are indicative only and may change without prior notice. For updated rates, The US Dollar is the single most popular currency in the world, and is the dominant reserve currency in use around the globe. The USD is often called 'The Greenback' in reference to its green ... EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and ... Forex is a portmanteau of foreign currency and exchange. Foreign exchange is the process of changing one currency into another currency for a variety of reasons, usually for commerce, trading, or ... Forex.pk offers real time forex rates, archives, graphs, charts, news. Find Pak Rupee foreign exchange rate in US dollars and convert PKR to USD, GBP, Euro. Get Pakistan open market, inter bank for forex trading.
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