When You Can’t Say No to Foreign Exchange Dealers

Foreign exchange dealers aren’t just selling foreign currency.They are also helping foreigners obtain dollars or euros and other currencies.Here’s how it works.If you want to get money in the currency of a foreign country, you call up your local bank or exchange-traded fund manager, ask for a dollar or euros in your local currency, and […]

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What is the key to foreign exchange investing?

As many as a quarter of global financial services firms may be failing, including banks, bond issuers, insurance companies, brokerage houses and banks. In fact, the key is not to have too much of a problem, said James L. Smith, the co-author of the book “The Real Story Behind The Foreign Exchange Bubble: How To Build […]

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Why are foreigners buying foreign currency on FX markets?

The FX markets have had a rough time this year.It is still unclear why the market is so sensitive to the yuan devaluation.And it is unclear why it is so volatile.In a recent interview with CNBC, Bank of America Merrill Lynch senior FX strategist and FX strategist Adam Zirkelbach said, “I don’t know how much […]

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Why are foreigners buying foreign currency on FX markets?

The FX markets have had a rough time this year.It is still unclear why the market is so sensitive to the yuan devaluation.And it is unclear why it is so volatile.In a recent interview with CNBC, Bank of America Merrill Lynch senior FX strategist and FX strategist Adam Zirkelbach said, “I don’t know how much […]

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