The US dollar is no longer the world’s main funding currency. News today announced that the euro now holds this title. This news is directly tied with the European Central Bank’s decision to reduce its key interest rate to an all-time low and finance officials agreement to lend $37 billion to Spain’s sinking bank outlook.
As the euro reaches its lowest value in more than two years, the USD is gaining in the EUR/USD pair. Traders like you are seeing trading opportunities appear right before their eyes due to the euro’s current standing. Are you taking advantage of these current market moves?
Forex education means making the choice to be smart about your trades. Most importantly, it means having the knowledge to take advantage of market movements when they occur.
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