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Experts see demise of dollar as world currency
Manila (Philippine Daily Inquirer/ANN) - It may only be a matter of time before the US dollar gets replaced as the main currency in international trade, according to economists attending the meeting of the board of governors of the Asian Development Bank (ADB) in Manila.
Read more...The Greatest Currency Trades Ever Made
The foreign exchange (forex) market is the largest market in the world because currency is changing hands whenever goods and services are traded between nations. The sheer size of the transactions going on between nations provides arbitrage opportunities for speculators, because the currency values fluctuate by the minute. Usually these speculators make many trades for small profits, but ...
Read more...Zacks.com ETF Strategist Eric Dutram highlights: Bet Against the Dollar With These Three Currency ETFs
CHICAGO, April 20, 2012 /PRNewswire/ -- Stocks and funds in this article include: PowerShares DB G10 Currency Harvest Fund ( DBV), WisdomTree Dreyfus Emerging Currency Fund ( CEW), iPath GEMS Asia 8 ETN ...
Read more...Myanmar welcomes easing of US economic sanctions
Officials and businessmen in Myanmar welcomed U.S. plans to ease economic sanctions, saying Friday it will benefit both countries in a market long cut off from most Western investment.
Read more...So Long, US Dollar
There's a major shift under way, one the US mainstream media has left largely untouched even though it will send the United States into an economic maelstrom and dramatically reduce the country's importance in the world: the demise of the US dollar as the world's reserve currency.
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