By James McKee
The Euro has seen significant shifts due to an outspoken central bank who is asserting that the EUR will be on the rise. The EU continues to experience fallout from Italy’s dependence upon Libyan oil. Other continuing challenges for the continent include a populace that is frustrated about austerity measures. These measures have hindered education and ripped down labor laws that were established to protect employees of companies both public and private. The resulting outcry in the public has manifested in demonstrations that have become violent and hindered day-to-day living of all citizens.
The continued evolution of trading between China and Japan could very well provide that stability that the JPY and Japanese economy at large has needed for decades. A lack of American appetite for goods coming out of Japan has meant staggering losses for the island nation. Now that China has completely emerged from its industrial era Japan can enjoy a customer that will pay its bills on time and buy far more goods than any other country has before at any other point in history. China has the world’s largest population and it enjoys the largest surplus of any government in the world.
Australia and the AUD are enjoying a rising economy due to an outstanding gold market, the value of the USD and other major currencies has been going down steadily for the last several years driving the value of gold up 5 to 6 times what it was before. All currencies have experienced a series of fluctuations on the forex exchange due to a variety of problems with the global economy, this has caused the value of gold to rise all over the world. As the world’s fifth largest gold producer Australia enjoys a place of relative security supplying one of the world’s most valuable commoditie.
About the Author
Author is a Forex trader and financial analyst residing in Denver, Colorado. To stay up to date on all the latest developments in the financial world and beyond be sure to check out the forex exchange rates regularly.
