Currently, the Euro is worth more than the US Dollar, with €1 equal to $1.09. However, this doesn’t mean the Euro is necessarily stronger than the Dollar. Currency strength is influenced by many factors, not just the exchange rate. It depends on things like inflation rates, interest rat...
It mayseemlike a good idea, but what's really happening when you select that option is that the machine's provider is determining the exchange rate when calculating the amount you will be charged in $CAD. I guarantee that this will be an even more inflated exchange rate than the ...
It mayseemlike a good idea, but what's really happening when you select that option is that the machine's provider is determining the exchange rate when calculating the amount you will be charged in $CAD. I guarantee that this will be an even more inflated exchange rate than the...
It mayseemlike a good idea, but what's really happening when you select that option is that the machine's provider is determining the exchange rate when calculating the amount you will be charged in $CAD. I guarantee that this will be an even more inflated exchange rate than the...
More prosaically, if this is a view that is being articulated in the market, then there may be a profitable trading opportunity. It is quite remarkable that gold has completely divorced itself from EUR/USD; after exhibiting an r-squared of 0.32 in 2007 and 2008, gold and the euro have ex...
The answer: more than you’d think! Right now, a single bitcoin is worth almost $450. Specifically, it’s $449.92 – and it’s only expected to rise. Early predictions place its top 2016 value at close to $650. However, when dealing with bitcoins, it’s important not to trust articl...
A popular advice in this regard is to set a risk limit at each trade. For instance, traders tend to set a 1% limit on their trades, meaning they won’t risk more than 1% of their account on a single trade. For example, if your account is worth $30,000, you should risk up to ...
What is a USD stablecoin? A USD stablecoin is a cryptocurrency with a 1:1 peg to the US Dollar. Therefore 1 coin of any such stablecoin is always worth $1. How Does it Retain the Dollar Peg? There are three ways: 1. It could back the USD stablecoin with real dollars in a big in...
Is Kuwait’s Currency More Valuable than the U.S. Dollar? Yes, Kuwait’s currency is more valuable than the U.S. dollar because the demand for the KWD is high due to Kuwait being a large producer of oil. That being said, the U.S. dollar is the world’s reserve currency and is ...
USDX =50.14348112 × EURUSD^-0.576 × USDJPY^0.136 × GBPUSD^-0.119 × USDCAD^0.091 × USDSEK^0.042 × USDCHF^0.036 The Bottom Line The U.S. Dollar Index (USDX) is a relative measure of the U.S. dollar's strength against a basket of six influential currencies, including the euro, ...