Online Forex broker
China has already rolled out a payment versus payment (PVP) system for Russian ruble and Chinese yuan transactions for the purpose of reducing risks and improving the overall efficiency of its foreign exchange transactions.
The fresh PVP system for ruble and yuan transactions was officially launched on Monday after getting approval from China's major financial institution.
That’s the first time a PVP system has been created for trading the yuan as well as foreign currencies, as follows from the statement, published on the website of the China Foreign Exchange Trade System on Wednesday.
The settlement of transactions in two different currencies at the same time – that’s what new PVP system ensures.
As CFETS told, the system would diminish settlement risk and also the risk of transactions occurring in different time zones. In addition to this, it’s expected to improve foreign exchange market efficiency.
During the daily press briefing of Andres Manuel Lopez Obrador, it was announced that Mexico will receive 1.4 million doses of the vaccine by the end of January. Is that optimistic enough for the peso?
The US unemployment claims are announced on Thursday at 15:30 MT time.
The Canadian monthly GDP is announced on Wednesday at 15:30 MT time.
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in 00:30:00
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
