{"id":13756,"date":"2010-10-10T03:15:06","date_gmt":"2010-10-10T07:15:06","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=13756"},"modified":"2010-10-10T03:15:06","modified_gmt":"2010-10-10T07:15:06","slug":"the-rise-and-fall-of-the-us-dollar-a-forex-exchange-rates-story","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/10\/10\/the-rise-and-fall-of-the-us-dollar-a-forex-exchange-rates-story\/","title":{"rendered":"The Rise and Fall Of The US Dollar: A Forex Exchange Rates Story"},"content":{"rendered":"

By James McKee<\/strong> – Green, paper, frog skin, dollars, cash…the whole world once looked on US currency as the gold standard in purchases both foreign and domestic. The perceived stability and value of the US Dollar has until recent times been a given, it has been a guiding light and something to strive for in the eyes of individuals and countries worldwide. In the blink of an eye this has all changed, and the dollar has become more of a guaranteed “whirling dervish” of a currency than the stoic and valuable entity it once was. For Forex traders an unstable or unpredictable currency can bring about wealth if they are willing to glue their eyes to their charts and hang on for the ride. Indeed the statement I hear time and time again is “Bet against the dollar, and you’ll never lose.”<\/p>\n

This has certainly proven to be the case with the euro, a currency whose value has trumped the dollar’s for several years now. Having your own native currency as the reliable loser is certainly an interesting situation, but it should never deter someone from making the right call and entering the right investment. There is nothing personal when it comes to investments outside of what you win and lose.<\/p>\n

Indeed it is an interesting situation, traders betting against their native currency and actively undermining its value for the sake of their own profit. While this is certainly true any seasoned trader will tell you that nothing lasts forever and whenever there is a drop or surge in the value of a currency it will eventually come back to its former state. The dollar has however for ten years begun and maintained a downward spiral where the euro is concerned. This trend is a sign of upheaval and overall economic instability in the United States but for Forex traders it is something to be examined and considered when looking for a worthwhile investment.<\/p>\n

This is and has been the situation for quite a while now and as a trader it is in our best interest to seek out opportunity no matter where it is. The US Dollar’s continued instability is a great lesson for us all in that there are no “sure things”, we as traders and moreover as people in general need to remain nimble and never make assumptions. Of course a lot of what I’m discussing here is common sense, but you’d be surprised at just how many traders learn these lessons the hard way and while they never forget them due to how expensive these mistakes can be, they are mistakes you don’t have to even make in the first place!<\/p>\n

About the Author<\/h3>\n

Author is a Forex trader and financial analyst residing in Denver, Colorado with 5 years of experience in trading with an attitude of cooperation through education. It is vital to remain in the loop where new technologies are concerned, make sure to stay up to date and aware of forex exchange rates<\/a><\/span> and developments<\/p>\n","protected":false},"excerpt":{"rendered":"

By James McKee – Green, paper, frog skin, dollars, cash…the whole world once looked on US currency as the gold standard in purchases both foreign and domestic. The perceived stability and value of the US Dollar has until recent times been a given, it has been a guiding light and something to strive for in … <\/p>\n

Continue reading “The Rise and Fall Of The US Dollar: A Forex Exchange Rates Story”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-13756","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=13756"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13756\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=13756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=13756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=13756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}