The United States has never had to worry about its position on the forex indexes as it is always in the top positions due to its strong valuation over the different currencies. This does not mean that the forex changes do not affect the United States, they do but In a very subtle way and impact indirectly on the various different sectors and not the finances directly.
The forex trading from United State broker is mostly positive earning and a profitable one as the nations’ strong investment in dollars cannot be broken by except for some stronger currencies. The forex indexes are tipping as the US dollar is losing popularity in the Russian markets and this is hitting hard on the forex index the currency has not yet fallen but will fall if the trends continue to abandon the use of the United States dollar and keep the trend spreading which will have catastrophic changes in the global as well as the forex markets which are already a mess due to various political changes in the nations and the global growth slowdown.
Will the United States be able to keep the gold standard of its currency as the currency is seeing a declining trend and Russia is urging to make the shift from US dollar to euro or to bitcoin which could flip the forex markets over and just kill the gains that it might have amassed over the decades? It will be interesting to see what happens in this rat chase.
Tags : US forex, gold, bitcoin, forex market,