Forex Trading is currently dealing currencies frem different countries versus each other.Forex is acronym of Foreign Exchange. For example, in european countries the currency used is called the Euro(Eur) and in the United States it is called the US Dollar(USD).A forex trade is to buy the Euro and at the same time to sell USD. [...]
Posts Tagged ‘foreign exchange’
Forex kitty shrinks $1.9 b to $281 bn
February 6th, 2010 
admin MUMBAI: Foreign exchange reserves dipped $1.9 billion to $280.9 billion during the week ended January 29, largely on account of revaluation of nondollar assets in the reserves basket. Of the total reserves, all components — foreign currency assets, gold, and SDR (special drawing rights) — fell $1.7 billion, $236 million, $23 million and $6 million, [...]
Posted in Forex Trading 
Tags: Central banks, currency composition, foreign exchange, global currencies, nondollar, WMA account 
No Comments »G7 sticks to previous forex language-Juncker
February 6th, 2010 admin IQALUIT, Canada, Feb 6 (Reuters) – Finance ministers from the G7 group of industrialized nations are sticking to comments on foreign exchange levels that they made last October, the chairman of the Eurogroup countries said on Saturday. “We have agreed that there is no reason to change what we said recently. We stick to what [...]
Posted in Forex Trading Tags: foreign exchange, forex language, G7, global economy, greater currency flexibility No Comments »
