Monday, September 16, 2013

US Dollar still dominate the worlds foreign trade

The latest survey of the Bank of International Settlements shows the average daily turn over of the worlds top 16 currencies:

Source: The Economist

The US Dollar has no real contender in global trade and is on one side of 87% of all foreign exchange trades. Euro and Yen keep their top ranks being number two and three respectively.

Mexican peso and Chinese yuan are now among the top ten most actively traded currencies in the world.

Geir Solem

Elliott Wave Technician
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