Daily News | China invests in BRICS

This week in global binary options trading is heating up, with plenty of wonderful trading opportunities out there for any discerning, seasoned traders. Newbies might see the currency market as a daunting place, but with our help, it can be a breeze! This Tuesday, we take a slightly different approach and focus on the Chinese yuan. From Friday to Monday, the currency rose from $0.1523 to $0.1532. This slight bump happened right around the time that Chinese authorities pledged $80 million to finance BRICS cooperation plans, with the five emerging countries vowing to oppose protectionism. However, BRICS contributions don’t seem that big when we compare them to the $124 billion pledge in May for the Belt and Road initiative, not to mention the China-led Asian Infrastructure Investment Bank, both paramount to China bolstering its global presence. We will keep you in the loop with further developments, but let us now turn to the euro. In the same period, the euro rose from $1.1879 to $1.1900. This happened, as the dollar struggled against an array of other currencies, almost reaching two and a half year lows. The euro rose half a percent against the dollar, being up more than 13% against the dollar and is the best performing currency in the G10 space. We will continue to follow the most important stories of the day, so remember to read on tomorrow!

Daily News | How can you become a trader?

If you want to maximize your profits and get all the data you need about the currency market, check out IQ Option. We wrote about this broker in our IQ Option Login and Trading Platform article, and discussed everything you need to know about their most prominent features. Their dashboard is very intuitive and easy to navigate. You can even open a demo account and learn the basics, and they even offer informative eBooks and video tutorials. Even complete beginners can grasp the main concepts of the platform and be capable of investing within minutes. For more information, be sure to check out our full article!


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Author: Max Rothstein

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