Monday, October 25, 2010

FOREX TRADING : CONTINUOUS DECLINING TREND IN U.S DOLLAR EXPECTED

Refraining from competitive devaluation of currencies at least in theory implies that nations with less appreciated currencies will move towards more market determined exchange rate systems. This has given a green light to investors to move away from U.S dollar with the result that dollar hits 15 years low. And since the investors will take a few days to use their professional skepticism to make a justified move, the decline of dollar is expected.

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