A Warning for the Dollar and the Stock Market, Currency Strength Can Sap Returns
Aug 15th, 2008 | By Lynn Carpenter | Category: US Dollar & Forex TradingLondon is a money town. It has been the center of the whole Western world’s currency transactions for three centuries. Until 1945, the British pound sterling was the world’s primary reserve currency. The pound is less popular than the dollar or euro now. But whatever currency is king, London is likely to bank it, trade it and exchange it.