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Thread: Will the currency war break out?
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[quote=MARRIE,266690]qoates: ''In 1970s, a new exchange rate system was introduced, that is, floating exchange rate system. Under this system, dollar’s role in international trade had been reduced. Euro’s popularization is a good example to illustrate this. '' FLT ex system based on mkt bidding and asking and involves manipulation, which is the cons. i thinck the original topic of this thread - crush U$ system - can be resoloved to this system coz in currency mkt now lots of gov buy/sell U$ reserves to balance their fiscal budget -export euro currency mkt has less regulations/taxation helps capital free flow and makes trade more effecient, but it doesnot necessarily denominated in EURO $, it's a diffrent concept. this mkt could be in hongkong, singapore in u$ for trading.. but i am still confused why reverse moving between u$ and value of gold, ie, gold up then u$ down, vice versa...[/quote]
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