tweet at 11:32am: #OOTT | Russian OilMin Novak: Ready To Meet #OPEC+ In February - IFX tweet at 11:35am: Novak: seriously discussing with Saudi Arabia about lower oil demand due to #Coronavirus. Russia ready to act if necessary to rebalance #oil market. Need several more day sto monitor the situation. #WTI back to 52$ #OOTT tweet at 11:38am: RUSSIA'S NOVAK SAYS OPEC+ MAY REACT IF THERE ARE SIGNIFICANT CONSEQUENCES TO OIL MARKET DUE TO CORONAVIRUS - RIA NOVAK SAYS RUSSIA'S READY TO REACT TO DECREASE IN DEMAND FOR OIL - IFAX #OOTT Follow the story live: https://t.co/m2JBwOmVug
Election year historical data is a good base for identifying the range of outcomes for this year as 2020 is an election year. The data below shows the historical data, which may be relevant to how 2020 might shape up. Given the many unknowns in 2020 (impeachment, trade war truce, economy and the outcome of the election itself), this year is especially ...
The blender company could have reduced this risk by shorting the euro and buying the USD when they were at parity. That way, if the dollar rose in value, the profits from the trade would offset the reduced profit from the sale of blenders. If the USD fell in value, the more favorable exchange rate will increase the profit from the sale of blenders, which offsets the losses in the trade.
More specifically, the spot market is where currencies are bought and sold according to the current price. That price, determined by supply and demand, is a reflection of many things, including current interest rates, economic performance, sentiment towards ongoing political situations (both locally and internationally), as well as the perception of the future performance of one currency against another. When a deal is finalized, this is known as a "spot deal." It is a bilateral transaction by which one party delivers an agreed-upon currency amount to the counter party and receives a specified amount of another currency at the agreed-upon exchange rate value. After a position is closed, the settlement is in cash. Although the spot market is commonly known as one that deals with transactions in the present (rather than the future), these trades actually take two days for settlement.