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On April 4, local time on April 3, U.S. Secretary of Health and Human Services Robert Kennedy Jr. said that about 20% of the layoffs in the Department of Government Efficiency were wrong and needed to be corrected. The U.S. Department of Health and Human Services laid off about 10,000 people on the 1st. Kennedy said that people who should not have been laid off were laid off, and the department is restoring their positions. Kennedy said that canceling the entire lead poisoning prevention and monitoring department of the Centers for Disease Control and Prevention was one of the mistakes. At present, it is unclear what other projects Kennedy may plan to restore.Bank of Japan Governor Kazuo Ueda: Will consider the impact of food costs on consumers.On April 4, local time on the 3rd, the automobile company Stellantis said that due to the impact of the US import automobile tariff policy, the company decided to lay off 900 employees in its five US factories and suspend production operations at two assembly plants in Canada and Mexico. Antonio Filosa, Chief Operating Officer of Stellantis Americas, said that the US factories that were laid off were powertrain and stamping parts factories, which produced spare parts for two assembly plants in Canada and Mexico. According to the plan, the assembly plant in Canada will stop production for two weeks, and the assembly plant in Toluca, Mexico will suspend production throughout April. Filosa said the company is "continuing to evaluate the medium- and long-term impact of tariffs on operations."Bank of Japan Governor Kazuo Ueda: Non-weather factors may push up food prices.Bank of Japan Governor Kazuo Ueda: Price changes in goods frequently purchased by households may affect consumer sentiment and the underlying inflation rate.

Currency and FOREX

LEO

Oct 25, 2021 13:27

Currency is the most common thing in daily life.

It can be used to buy goods and services. 

when we go abroad, we should do the forex exchange.

1pound can exchange 1. 2937 US dollars,

we can see this indirect quotation as GBPUSD 1.2937.

 

Exchange between different currencies called the exchange rate.

Exchange rate is not a constant number. 

 

It Influenced by the political and economic environment of the country.

The fluctuation of exchange rate, which gives investors the space to invest and trade.

 

In forex trading GBPUSD 1.2937, 

which means 1 pound is valued at $1.2937.

If you expect the value of the pound to fall against the dollar, 

you would sell the currency pair at$1.2937, then you bought currency pair after the rate went to 1.2927, you would have made 10 pips.

 

In forex, the trade object is a currency. 

when you go long, you profit when the value rises; 

when you go short, you profit when the value falls.