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FreshForex on Chinese currency devaluation

Today China raised a fuss on Forex by decreasing interest rates by 1.9%. Shortly after this Australian dollar, with its exchange rate directly dependent on renminbi, suffered a decline and lost 1.3%. In connection with this, oil quotations jumped up and the Brent price rose above the 51.60 mark and then fell below 51.00.
But we have to look beyond that because such a steep and significant weakening of renminbi will manifest itself over the long run. It seems that now we can forget about increase in FRS interest rates in 2015. As you remember Yellen has repeatedly noted that they review the overall situation on the international scene, and they don’t need a stronger US dollar because it will prove to be disadvantageous for exporters.

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    TpulseSA,
    Отзыв оставлен для брокера:
    InstaForex

    I have been registred a InstaForex's rebates program in an InstaEurica account with deposit $10 only, here I get 1.5 pips rebate on per trades. While I am a day trader and using an EA on MT4 platform. Really the platform is so reliable to me for fast execution and buildup trading tools, As likes autochartist, one-click trading tools. Besides I'm very impressed with their stable payment system via Skrill. So my trading environment is cool and profitable with InstaForex.

    Radana,
    Отзыв оставлен для брокера:
    FreshForex

    Why FreshForex? My only reason is: They are really helpful!
    Doubt with your own analysis? Check their market reviews, you can find both technical and fundamental analysis there. Any problem with your account transaction? Ask the support team, they will always there to help you.

    Prakash,
    Отзыв оставлен для брокера:
    FreshForex

    Well, I can say their educational sections were quite helpful to give me more insights about the currency market, a better understanding about several levels including support and resistance that is good to read the direction of the price. you will rarely find this in another company...