10-31-2007, 02:31 PM
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#1 |
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Greenhorn
Join Date: Jul 2006
Posts: 36
Rep Power: 6  |
How many of you think that forex is going to control the future of the world?
As it is the ROI is reaching more than 5% everyday. Considering the current economic upgradations in almost all nations across the world, do you think that forex investments are going to reap the best results?<br />
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10-31-2007, 02:31 PM
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#2 |
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Greenhorn
Join Date: Jul 2006
Posts: 22
Rep Power: 6 |
How many of you think that forex is going to control the future of the world?
.... , do you think that forex investments are going to reap the best results?
Works well for me! http://www.globalmoguls.com |
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10-31-2007, 02:31 PM
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#3 |
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Greenhorn
Join Date: Jul 2006
Posts: 45
Rep Power: 6 |
How many of you think that forex is going to control the future of the world?
Well, before there is eternity there will be unity in the world including One Currency. Probably the US Dollar. Foreign currency transaction is a double edged sword for MNCs and small businesses operating in the global business world. It could mean double or zero profit or loss for that financial year after accounting for foreign exchange. Not to mention the cost of hedging and managing FX exposure....just look at Toyota, BHP, Rio Tinto etc
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10-31-2007, 02:31 PM
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#4 |
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Greenhorn
Join Date: Jul 2006
Posts: 6
Rep Power: 0 |
How many of you think that forex is going to control the future of the world?
I think that Forex will have some interesting ramifications on the geopolitical power shifts that may happen sooner rather than later.
There is no way that the USD will ever be the universal currency. I would not be surprised if the USD loses its position as the currency with which all oil transactions occur. I can see the EUR as becoming a more dominant currency and I can also see the oil rich countries in the Middle East establishing their own version of the EUR. Now that the USD and CAD are near parity perhaps we will all be learning what a loonie is. Paul |
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