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 Rising and Outlook

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Despite global economic woes, one positive aspect for main street America has been the relatively rapid rise of the US dollar of late. The dollar index (DXY), a measure of the greenback against a trade-weighted basket of six major currencies, has strengthened by over 20% in this time. However, the question is will this trend […]

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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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US Dollar Outlook as Euro Troubles Persist

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[Updated for 2012-2013 forecast] The US dollar continues to strengthen relative to the 17-member Euro currency, which has been on a downward trend as concerns over European sovereign debt crisis and Greece’s uncertain membership of the Eurozone grows. The Euro fell to as low as $1.24, the weakest since its multi-year low in July 2010 […]

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