Dollar Surges over Pound, Euro and Swiss Franc

Published February 23, 2010 by OCR Editor

Dollar Surges over Pound, Euro and Swiss Franc

The greenback shows some strong gains against heavy-hitting competition.

The foreign currency markets are indeed one of the most active global trading markets. With trillions of dollars in daily trades taking place, it comes as no surprise that the big seven in the industry are the US dollar, the Australian dollar, the British pound, the Swiss franc, the Japanese yen, the Canadian dollar and the Euro.

US dollar gains
Recent trading on the currency markets has reflected strong movement in favor of the US dollar. The dollar has gained in strength against the Swiss franc, the British pound and the euro. That it has also gained against the Japanese yen is notable. These movements come on the back of some strong gains in the US stock markets where the Dow Jones has shown some strong gains of late.

Online forex trading has enjoyed these steady gains as the Nasdaq posted strong gains with the S&P 500 rallying by 1.2 points. It has been noted that the forex trading market in the US economy is moving in a positive direction, there is still some stickiness in the unemployment figures. But signs are pointing to marginal decreases in numbers of workers unemployed. Global forex trading company eToro is a world-renowned e-trading platform. It offers online traders the following benefits:

  • User friendly interfaces
  • Graphic trade visualizations
  • Free practice account with live market rates
  • Low initial investment
  • Personal trading coaches

And there are multiple tools for professional forex traders too.

See also

Legalization of Swiss Online Gambling?

Swiss IP Providers Oppose Online Casino Blocks in Unregulated Market

Late England Surge in 2018 FIFA World Cup Bid

Swiss Casino Sweet September

Switzerland's Blacklist of Online Gaming Operators

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