Tag Archives: United States

Know currency trading closer

Published / by bestforexadvisor / Leave a Comment

Though forex is the biggest financial marketplace in the world, it is comparatively unknown terrain to retail traders. Until the internet became popular few years ago, FX was chiefly the area of big financial organizations, MNC’s and hedge funds. But with changing times individual investors are more knowledgeable in this relatively grey area. Read on to find the most asked questions on foreign exchange. Continue reading

Japan and China to launch yuan and yen direct trading

Published / by bestforexadvisor / Leave a Comment

Japan and China said Tuesday they will start direct currency trading this week, marking the first time Beijing has let a major unit other than the dollar swap with the yuan. The move, which will scrap the US currency as an intermediary unit, comes as China introduces measures as part of a long-term goal to internationalise its currency, Currency Exchange Toronto and rival the dollar as the world’s benchmark. The yuan-yen trade — part of a wider deal reached last year between Beijing and Tokyo to forge closer ties — will also be allowed to move in a wider range than the narrow band at which the dollar and yuan change hands, Dow Jones Newswires and the Nikkei business daily reported. Continue reading