analytics5fb243c800308.jpg

As of 13:10 UTC +9, the US currency rate against the yen dropped to 104.56 from 104.63 on Friday. The euro rose against the yen at the same time to 123.91 from 123.85.

Japan’s GDP in the third quarter soared by a record 21.4% in annual terms. Whereas in April-June we could observe its significant decline by 28.1%. On a quarterly basis, July-September growth was 5%, which is also a record, after falling 8.2% in the 2nd quarter. This is the first increase in the figure in the last four quarters amid the economic recovery from the shock caused by the COVID-19 pandemic.

The euro / dollar pair was trading at $ 1.1849 by 13:10 UTC +9, compared to $ 1.1834 at the close of the previous session.

The ICE Index, which tracks the dynamics of the US dollar against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and Swedish krona), lost 0.16% in trading on Tuesday. The broader WSJ Dollar Index fell 0.14%.

The pound sterling by 13:10 UTC +9 rose to $ 1.3224 from $ 1.3189 on Friday and to 1.11561 euros from 1.1153 euros.

It is also worth noting that this week investors are expected to summit the European Union, which may become the key to agreeing on a draft trade agreement with the UK. Meanwhile, British Prime Minister Boris Johnson was forced to self-isolate after contact with a coronavirus-infected member of the British Parliament.

The yuan exchange rate was 6.5777 / $ 1 compared to 6.6065 / $ 1 at the close of previous trading.

The People’s Bank of China (PBOC) has invested 800 billion yuan in the banking system through its Medium-Term Lending Facility (MLF). The rate on one-year loans was kept at the level of 2.95% per annum for the seventh month in a row.

The material has been provided by InstaForex Company – www.instaforex.com

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.