
What happened? On Monday, February 21, Russian President Vladimir Putin signed decrees recognizing the sovereignty of the Donetsk and Lugansk People's Republics…
On April 12 the People’s Bank of China reported that its digital currency will soon be ready for using. These days it will be in high demand as cash and credit cards could easily become transmitters of the coronavirus.
China shows the progress in adapting to the new reality and tries to benefit from it. These week Matthew Graham, the CEO of Sino Global Capital, shared the images of the beta app on Twitter.
The digital yuan is a significant step to a fully cashless digital economy. According to Zhou Xuedong, director of the People’s Bank of China, “more than 95% of daily micropayments are realized through mobile payments or Internet payments … the research and development requirements for digital currencies will become higher and higher.”
There are some advantages for consumer to use this blockchain technology such as an absolute security, a virtual zero cost and a high speed of transactions’ proceeding.
While digital dollars are not for ordinary people, but only for banks, the digital yuan can supplant the supremacy of the dollar. The Fed believes that it could undermine the international status of a dollar and impede the fiscal policy.
What happened? On Monday, February 21, Russian President Vladimir Putin signed decrees recognizing the sovereignty of the Donetsk and Lugansk People's Republics…
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
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