Trading Currency Blog

Yousef K asked:


I’ve been hearing bits and fragments about this topic, that started when Iran replaced the dollar with the Euro as it’s foreign trade currency. Some people point out that if that were ever to happen on a wider scale, the U.S economy would collapse due in part to the 7 trillion debt (33% of which is to foreign nations/enterprises) that would have to be paid by a currency the U.S would have to buy instead of just paying in U.S dollars.

I’m not an economist, but I hope that someone with a background on banking/economics would clear it up, away from propaganda, ideology ..etc.

HARTSELL

amit s asked:


In a Free Market ,the relationship Rupee(some currency) to Dollar(Standard) to Euro (some currency) and Rupee to Euro should be equivalent but its usually not Where am I wrong? It will help if you could give a link to somewhere I could read about in detail and understand better .
In a Free Market ,the relationship Rupee(some currency) to Dollar(Standard) to Euro (some currency) and Rupee to Euro should be equivalent but its usually not Where am I wrong? It will help if you could give a link to somewhere I could read about in detail and understand better . The whole idea is if some method was more profitable , it will be preferred and hence all rates will come to be same because of the way in which free market works.

TSCHETTER