World Desk, AnyTV, Hong Kong
Published by: Harendra Chaudhary
Updated Thu, 03 Mar 2022 03:42 PM IST
Summary
Analysts say that getting EU membership could pave the way for a solution to the current crisis. Russia has put a condition for the ceasefire that Ukraine should end its military capability and declare that it will not become a member of NATO (North Atlantic Treaty Organization). According to diplomacy experts, if the EU gets membership, then there will be a favorable situation for Zelensky in negotiations on these terms.
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Regarding this trend, a dealer dealing in forex trading told the website NikEasia.com- ‘I expected Yuvan to weaken due to the possibility of interest rate hike in the US. But in the midst of the Ukraine crisis, people are competing to buy Yuvan. Generally, the rate of interest on the US currency is determined by the dollar and the yuan. The general rule has been that the higher the return potential in the dollar, the weaker the youth.
Increase in the number of Chinese bond buyers
Last year, British index maker FTSE Russell also included Chinese government debt in its benchmark global bond index. Since then, the number of people buying Chinese government bonds has increased by 80 percent compared to two years ago. Analysts say that the continuous increase in Chinese exports is driving the price of Yuan higher. China posted record trade profits in 2021. In view of this, now the number of such exporters has increased, who have started accepting Yuvan instead of Dollar for export.
Russian currency ruble dashed
Well-known Japanese market analyst David Chao has expressed the opinion that sanctions on Russia have created a favorable situation for the youth. He told Nikkei Asia- ‘The US policy of sanctions will also reduce investor confidence in the US dollar as a medium of global payment and safekeeping in the long run. This will open the way for Yuvan to take the form of an international currency.
Expansion
Regarding this trend, a dealer dealing in forex trading told the website NikEasia.com- ‘I expected Yuvan to weaken due to the possibility of interest rate hike in the US. But in the midst of the Ukraine crisis, people are competing to buy Yuvan. Generally, the rate of interest on the US currency is determined by the dollar and the yuan. The general rule has been that the higher the return potential in the dollar, the weaker the youth.
Increase in the number of Chinese bond buyers
Last year, British index maker FTSE Russell also included Chinese government debt in its benchmark global bond index. Since then, the number of people buying Chinese government bonds has increased by 80 percent compared to two years ago. Analysts say that the continuous increase in Chinese exports is driving the price of Yuan higher. China posted record trade profits in 2021. In view of this, now the number of such exporters has increased, who have started accepting Yuvan instead of Dollar for export.
Russian currency ruble dashed
Well-known Japanese market analyst David Chao has expressed the opinion that sanctions on Russia have created a favorable situation for the youth. He told Nikkei Asia- ‘The US policy of sanctions will also reduce investor confidence in the US dollar as a medium of global payment and safekeeping in the long run. This will open the way for Yuvan to take the form of an international currency.