Performances of the pair EUR/USD in the forex market is revealing some interesting concept for investors and traders alike.
The poor performance of the U.S. dollar as against its other counterpart in the forex market is making the dollar a useful currency in carry trade because of its lower exchange. So that the dollar is fast becoming a dear to international traders for the cheaper exchange making trading alot easier. Meanwhile, the Euro on the other hand is raising in value making it hard to comeby and expensive for international trade.
Huh! a woe of two currency i'ld say, but what effect would the low value on the dollar have on the U.S. economy?
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