Some currency traders believe the yuan has started to exhibit haven characteristics, underpinned by China's huge current account surplus and foreign reserves, and gaining in value during recent periods of geopolitical turmoil. Yet the yuan's resilience owes much to the slumping dollar and Beijing's …
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3) Buy trading robots: a trading robot is a software application that advanced traders use to increase their trading volumes by running more than one currency pairs. Forex trading robots come in handy when a trader opts for automated trading over manual trading. The advantage of using trading robots is …
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The NZ dollar has retreated sharply from highs of 0.7350 against the US dollar last week to currently trade at 0.7215. The immediate outlook could well be for further depreciation if the US Federal Reserve's interest rate hike this coming week pulls the USD higher on global currency markets.
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Australian crypto investors wanting to execute large digital currency trades will have an over-the-counter trading desk to go to from next week. Sydney-based Bitcoin and digital currency exchange Independent Reserve will go live with Australia's first OTC digital currency trading desk on Monday, …
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