Opinion: the US will issue digital currency after China
https://preview.redd.it/waho1vmpu2l41.jpg?width=810&format=pjpg&auto=webp&s=02818445bbd38e736df736ff2170006d122329e9 The US authorities are closely monitoring the development of Chinese digital yuan and, if necessary, will launch their own digital currency, according to ING economist Carlo Cocuzzo. During a presentation at Blockchain Week in London, Cocuzzo said that 90% of forex turnover is in dollars, and the United States will not want to lose leadership. If the Federal Reserve considers that it is necessary to issue digital USD as opposed to the Chinese currency, it will immediately do so. In August last year, representatives of the People's Bank of China announced that the digital yuan will be launched soon, with the prototype and blockchain architecture of the token having been already been fully developed.
Turnover is the second important indicator after a price in the Foreign Exchange technical analysis. For graphical interpretation of this feature special diagram – trading volume histogram – is constructed. It consists of columns of different height, each representing its own time frame (depending on the diagram scale it may be 1 minute, 5 minutes, 15 minutes etc). Elevation of the column ... In 2019, the global foreign exchange (forex) market saw an average daily turnover of approximately 5.1 trillion U.S. dollars. This means that on an average day in 2019, the sum of all transactions ... Forex Market Turnover by Currency Pair. The daily global Forex trading volume amounts to a total of 4 trillion dollars. 28% of this volume is attributable to the currency pair USD/EUR, another 14% to USD/YEN and 9% to USD/British Pound. According to the statistics, these three currency pairs amount for half of global trade volume: In positions four to ten follow: • USD to Australian dollar ... Forex: Turnover in I&E falls by 10% to $843.97m. On September 8, 2020 5:52 am In Business by Nwafor. Kindly Share This Story: By Elizabeth Adegbesan MONEY MARKET. The volume of dollars traded ... Turnover is a term used in different parts of the world to mean volume or revenue. In the forex world, Turnover is the total money value of all executed transactions in a given time period. The term can also apply to portfolio management, in that it measures how long a fund or investor holds on to the stocks after it is purchased. The longer an investor holds on to a stock and the less trading ... Forex:Turnover in I&E reverses trend, jumps 135%. On October 9, 2020 6:46 am In Money Market by Urowayino Jeremiah. Kindly Share This Story: By Elizabeth Adegbesan MONEY MARKET. The volume of US ... 2. Turnover in foreign exchange markets Turnover by currencies and currency pairs. The US dollar remained the world's dominant vehicle currency. It was on one side of 88% of all trades in April 2019 (Graph 1, left-hand panel).The relative ranking of the next seven most liquid currencies did not change from 2016.