Overnight, China’s yuan sunk to a new 11 and a half-year low, reaching its worst month on record, following fears that the economy is suffering from an intensifying US-China trade war.
Asian and Australian shares dived on Monday amid a new bout of the US-China slugfest that has been dominating the markets in recent months.
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The euro climbed slightly after data released from the eurozone private sector data boosted hopes that a recession could be avoided in the bloc’s economy.
FX markets play with your head until you get in over your head — by irresponsibly averaging down on losing trades and dumping more and more capital into the market.
In early trading today, the dollar held strong against the euro, which hovered around a two-week low, as slightly higher…
While leverage can amplify your gains, you must educate yourself about common forex pitfalls and mistakes when using any forex platform. That way, you can keep your gains and avoid devastating losses.
A savvy trader who recognises bearish trends may capitalise by “selling” a currency at current prices, with the intent of “buying” it back when markets drop.
Recent turmoil surrounding U.S.-China trade relations, Eurozone instability regarding Brexit and currency crises in South America have put a spotlight on foreign exchange markets and currency politics.
The pound has managed to recover today after it plunged to a 10-year low against the euro, reaching €1.0724.