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June 13, 2008, Newsletter Issue #58: Dollars, Sense, and Euros
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Tip of the Week
The closest currency to the U.S. dollar is the Euro; which is the new currency of the European Common Market. The Euro is the unified, single currency for the following European nations: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Slovenia and Spain. Europe and America tend to be very close in terms of currency exchange, but some arbitrage potential does exist as the Euro is still somewhat volatile when compared to the U.S. dollar. Given the stability of the European markets, there is some speculation that the Euro may even someday surpass the U.S. dollar and become the primary world reserve currency - the currency upon which all other currencies are measured. Today, the first reserve currency is the U.S. dollar, and the second is the Euro.
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About LifeTips
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Exclusive Sponsor
Greetings,
Forex Club is excited to announce a special program. When you open a new trading account we will deposit $100 on it to help you to get started with Forex trading. Since there are no fees to open an account, in essence, this means that you can start actual forex trading without spending a single dollar. Sounds like a pretty good deal, does not it? This is way better than a demo account. You can find out details about this promotion program here: http://www.fxclub.com/incentive
Thank you for your interest and good luck! Forex Club, New York
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