Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

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The main events by the morning: September 17


September, 17 2024
watermark Economic news

  • Russia and China have started using cryptocurrencies to conduct trading operations. A number of importers, including electronics manufacturers, members of the Chamber of Commerce and some banks, have received permission to settle in digital currency. At the top of the list were companies engaged in the procurement of dual-use goods suitable for both civilian and military needs.


  • Moldova is considering the possibility of excluding the Russian language from official use. According to opposition leader Ilan Shor, this could happen if Maya Sandu is re-elected as president. He believes that if she wins, everything related to the Russian language and culture will be eliminated.


  • Donald Trump expressed hope for improved relations with Moscow and Beijing if he returns to the White House. In an interview with blogger Farok Sarmad, he stated that he does not consider China and Russia enemies of the United States, and stressed his interest in resolving the Ukrainian crisis.


  • Volkswagen may close several factories and lay off up to 15,000 people. The company's management is seriously considering the possibility of such a scenario. Because of this, the company may lose about 4 billion euros of reserves. In the past, the auto giant has blocked restructuring initiatives, but with every month of competition with China, the company's affairs are getting worse.

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.