There's always a difference in the markets between "de facto" ("in
practice") and "de jure" ("in law"), and recent announcements regarding
international reserve currencies would seem to reflect that difference. Word came out in mid-November that the IMF
is likely to reclassify the Australian dollar and Canadian dollar as
"official" reserve currencies. While this is indeed a significant
development, it seems more a reflection of reality than a major
prospective change.
Continue reading here:
http://www.investopedia.com/financial-edge/1212/canada-and-australia-dollars-to-be-reserve-currencies.aspx#axzz2ErYWZFtb
Showing posts with label Canadian dollar. Show all posts
Showing posts with label Canadian dollar. Show all posts
Tuesday, December 18, 2012
Tuesday, June 28, 2011
Investopedia: The Canadian Dollar - What Every Forex Trader Needs To Know
Foreign exchange, or forex, trading is an increasingly popular option for speculators. Ads boast of "commission-free" trading, 24-hour market access and huge potential gains, and it is easy to set up simulated trading accounts to allow people to practice their trading techniques.
With that easy access comes risk. It is true that forex trading is a huge market, but it also true that every single wannabe forex trader is going up against thousands of professions working for major banks and funds. The foreign exchange market is a 24-hour market and there is no exchange – trades take place between individual banks, brokers, fund managers, and other market participants – but 10 firms dominate nearly 75% of the volume.
To read the complete piece, follow this link:
http://www.investopedia.com/
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