Saturday, October 26, 2013

Trading Currency is Complicated and Risky


When trading the dollar overseas, a variety of international problems can make that currency weaker or stronger, situations that also affect the value of the Euro and foreign currencies in different ways.

And then other factors come into play. Such as rising oil and energy prices, with their effect on the American economy. The impact on the dollar can be opposite what it would ordinarily have been with respect to the other currencies.

We import oil. Were we producing our own energy, our dollar would be much stronger than it is, internationally.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

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