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anyone pay attention or have vested interest in currency markets?

Discussion in 'Archive: The Senate Floor' started by beezel26, Aug 14, 2008.

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  1. beezel26

    beezel26 Jedi Master star 7

    Registered:
    May 11, 2003
    I was really hoping for the dollar to keep dropping but no it had to go up. I have a large amount of australian money in a seven percent savings account.

    Its a nice little account too, seven percent with little fees and no balance required.

    Any one else vested in the currency market.

    Its a nice little gambling game to play on vacation overseas as well. Try to find the best currency exchange place with the best return at the right time.
     
  2. Espaldapalabras

    Espaldapalabras Jedi Master star 5

    Registered:
    Aug 25, 2005
    Playing in currency is more gambling than investing. I do have a global trading account that I don't use that I could have tried moving money between the Euro, Yen, Pound, HK dollar, and Canadian dollar, but their rates are horrible.
     
  3. beezel26

    beezel26 Jedi Master star 7

    Registered:
    May 11, 2003
    ironically the oil price is directly tied to the american dollar so when one drops the other goes up.

    So if you time it right and watch world events you can make a killing quick.

     
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