currency

FOREX 101 – How Foreign Exchange Currency Market Trading Works

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You may know about stock markets but how about the foreign exchange market (FOREX)? If you’ve never heard of it, you should because it’s substantially larger than any single stock market. The New York Stock Exchange (NYSE), for example, handles $153 billion a day in volume, but the foreign exchange market has a daily volume [...]

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Making an International Money Transfer – Costs, Rates and Risks

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Transferring money domestically is pretty straightforward and you can normally work with one bank or financial institution to take care of the entire process. However as I and other friends who have moved overseas have found, transferring money across countries is not as straightforward. Further, the process, terminology and requirements tend to vary across countries. [...]

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US dollar update, outlook and opinions

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“Dollar declines to new low“. This statement could be applied against any number of currencies as the US dollar or Greenback keeps trending lower. The dollar declined to $1.6038 per euro, the lowest since the Euro’s inception in 1999. It fell to 104.97 yen, from 106.14 yen yesterday. The U.S. dollar also declined to a [...]

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2012 US Dollar Outlook: Greenback Weakness Forecast Amidst Lower Interest Rates and Fading Euro Risks

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The US dollar is likely to remain subdued in the short to medium term with the Federal Reserve announcing it would keep US interest rates at or below 0% until at least 2014. The inflation target was also adjusted to 2%, reflecting the expectation of slow growth and moderate activity in the US economy. Lower [...]

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