Currency trading market, though the biggest and largest financial market in the world, is extremely volatile and fluid in nature. US dollar, still remains the undisputed currency in the Foreign exchange market, though it would not be wrong to say that unless we see a substantial spurt in the economy of the US, things might change in the near future.
The year 2008 was bad, to put it mildly, in terms of recession and economic downturn/ slowdown in the United States of America.
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Click to continue reading “Brazil Real Remains Near 2010 Record Low”
The Aussie rebounded after losing versus most of
AUD/USD traded at 0.9053 as of 00:09 GMT from a previous rate 0.9034 when markets opened Sunday evening.
If you want to comment on the Australian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.
After China announced it will take further measures to control inflation in the country, which can be understood with implied slower economic growth, the South Korean currency declined versus most of its main trading partners currencies, as was the worst performer in the Asian region this week in
USD/KRW ended the week at 1,152.50 from an opening rate of 1,136.2 this Friday.
If you want to comment on the Korean won’s recent action or have any questions regarding this currency, please, feel free to reply below.
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Brazil’s real suffered another impact today as China’s lending restrictions announced last week continue to influence risk levels in trading markets globally.
Click to continue reading “Brazilian Real Drops Further on Risk Aversion”
