The United States Dollar $
The US economy is the biggest in the world since WWII and it currency, the USD, is the major currency used by traders around the world. It is used as the default currency for quanitation of most products and comodities around the world. The US economy is the most influencial market on global economy today and most of the world’s economy depends on the US performance. This makes it the default for charts and generally trades in pairs against the pound. The US dollar is the most important player in the forex market.
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The Greenback declines on concern US recession will worsen
After the Christmas holiday, the dollar continue weakening versus the euro on expectation the US recession will deepen as US housing and manufacturing reports this week may show the US economy is shrinking and plunging further into recession. Also the greenback drop versus the yen in Asia forex market due to concerns that renewed conflict [...]
1 comment:
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