Forex Trading Daily Forecast EUR/USD

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Currency

DOLLAR

dollar

U.S. Dollar (or American dollar) is the official currency in the U.S. and the major global reserve currency. Currently, the Federal Reserve controls the money circulation in the U.S. The most commonly used symbol for the U.S. dollar is the sign "$". In 1995 over 380 billion dollars are in use, as two-thirds of them are located outside the U.S. In April 2004 the dollars in use are nearly 700 billion and again approximately half of them are outside the U.S.

EURO

eurEuro (banking code: EUR, currency sign: €, plural euro) is the currency of 16 EU countries, known as Eurozone. It is used as the official currency in the Vatican, Monaco and San Marino. These countries are licensed by the European Central Bank to issue its own coins, although they are not EU members. Kosovo, Andorra and Montenegro which are not part of EU accession and Eurozone also use euro as means of payment. Euro is administered by the Frankfurt-based European Central Bank (ECB) and the Eurosystem. Read more: EURO

CURRENCY AND MONEY

currencyCurrency is a unit of exchange which facilitates the exchange of goods and services. Money emerges as a tool that is necessary for enabling the circulation of relationships between people. During its development money adopts a different outlook, passing through barter, commodity money, "measured" (metal) money, gold, securities and credit money. Functions that money performs in modern times are: a means for calculating values, means to address, means of payment, a means of accumulation, means for transferring values, means for the valuation of goods and services.

Read more: CURRENCY AND MONEY

Forex Trading Daily Forecast EUR/USD

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