The U.S. dollar against major currencies in the world. And all currencies are usually quoted in U.S. dollars. In terms of international economic and political dislocations, and the dollar is the main currency safe haven, which was good, especially during the crisis in South-East Asia in 1997-1998. Dollar became the leading currency in the late World War II, the main purpose of the agreement at Bretton Woods, which
Was effectively connected with the other currencies to do so. Introduction of the euro, which
1999 reducing the role of the dollar a bit. Major currencies traded against the U.S. dollar and the euro and the Japanese yen and the pound sterling and Swiss franc.
Euro to become the Prime Minister currence
Quoted only from the perspective of the United States. As the U.S. dollar and the euro and the strong international presence, and as a result of the Member States of the European Monetary Union. Currency is still on the site of unequal growth, employment and high resistance to the government to change the structure. Couple and also weighing in 1999 and 2000 abroad, foreign investors, in particular, and Japan, which was forced to liquidate their investment losses in euro assets. Moreover, the lower the balance of the European conservative money managers and reduce the impact of the euro on the needs of foreign exchange control risk in Europe.
The Japanese Yen is the third most heavily traded currency in the world, this international presence is much less than the dollar or the euro. Very fluid in all parts of the world, practically around the clock yen. Demand for the yen keyretsu normal trade between Japan and the top economic and financial conglomerates. Ian is more sensitive to the Nikkei Japanese equity markets and the fate of the property. Attempts Bank
Japan deflation double bubble in these markets, and the negative impact
Japanese yen and the effect was the same British Pound did not last long before the Second World War was linked to the exchange of the pound sterling. They are Nick telegram telex machines that were used to peak. Currency trading against the euro and the dollar, but the presence of different places against other currencies. He was for two years the exchange rate mechanism in the battle of 1990 and 1992, has had a calming effect on the pound sterling, as it usually follow fluctuations in the decision-maker, but the crisis that precipitated from the ERM the pound has had a psychological impact on the currency. Before the adoption of the euro and the pound benefited from any doubts about the currency convergence. After the introduction of the euro, and Britain, the Bank seeks high rates of the United Kingdom closer to the lower level of the euro area. Can join the euro the pound in early 2000, when the British referendum is positive.
Swiss franc is the currency the only European country which does not belong to a major European Monetary Union and the Group of 7 -. Although the Swiss economy is relatively small, and the Swiss franc, one of four major currencies, remember the strength and quality of the Swiss economy and finance ministers. Switzerland has very close economic relations with Germany and, therefore, the euro zone. Thus, because of political uncertainty
East, supported by the Swiss franc and the euro. It is believed that the Swiss franc is the currency stable. In fact, the foreign exchange point of views, and the Swiss franc and the document refers to a form of the euro, but lacks liquidity. And demand
Exceeds supply, the Swiss franc, which is more stable than the euro.
This e-mail BlogThis! Twitter to share the stock to share for Facebook to Google Buzz