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Why Does Most Interbank Currency Trading Worldwide Involve The U.s. Dollar? |
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Answer» Trading in currencies worldwide is against a common currency that has international appeal. That currency has been the U.S. dollar since the end of WORLD War II. However, the euro and Japanese yen have started to be used MUCH more as international currencies in recent YEARS. More importantly, trading WOULD be exceedingly cumbersome and difficult to manage if each trader made a market against all other currencies. Trading in currencies worldwide is against a common currency that has international appeal. That currency has been the U.S. dollar since the end of World War II. However, the euro and Japanese yen have started to be used much more as international currencies in recent years. More importantly, trading would be exceedingly cumbersome and difficult to manage if each trader made a market against all other currencies. |
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