Fri, Sep 22, 2017
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Currencies, ETFs / ETCs more

Top 10 established currency ETFs

Posted on 22 December 2011

Confidence is what gives currencies their credibility. The U.S. dollar went off the gold standard with the Bretton Woods’s agreement during the Nixon administration since more dollars were being printed than there was gold to back them (55% to 22%).
Taking the U.S. off the gold standard with the BW agreement made the dollar the world’s reserve currency. This meant many commodities were priced in dollars. Some currencies were permitted to float freely while others maintained a “currency peg” to the dollar. As of late 2011 the U.S. Dollar is still nearly 70% of foreign reserve holdings………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
September 2017
S M T W T F S
« Nov    
 12
3456789
10111213141516
17181920212223
24252627282930