which commands more in international market? ( Archived) (9)

I'm going to research this a bit and get back to you. Remember: some countries do not use either term, so for the sake of the referral, I will class anything other than 'Euro', as dollar.

According to todays "country/currency" chart, 18 countries use the Euro while 180 use the dollar or other type.

Petrodollar. It's the dollar, without question.

neither, Soros and friends




Soros Fund Management’s biggest position is a put on the S&P 500 ETF SPY . Soros bought a put on 1,248,643 SPY units in the quarter. A put option gives the owner the right to sell a specific amount of an asset at a set price within a set time, and generally means the investor expects that asset will go down in price.

So yes, as Bullion Baron and Whalewisdom point out, Soros is making a huge bet on the S&P 500 SPX going lower, or about $1.25 billion bet against the stock market.

Soros made $1 billion betting against the British pound in 1992. he also made $1 billion bet against the AUD (a position that has done well if true). he made $1 billion betting against the yen.

so just add all these numbers, and see how many countries or currencies come close to his value

The biggest currency is Forex . no money, computer money

the foreign exchange (forex) market is the largest market in the world because currency is changing hands whenever goods and services are traded between nations. The size of the transactions going on between nations provides arbitrage opportunities for speculators, because the currency values fluctuate by the minute.

How the Trades Are Made
First, it is essential to understand how money is made in the forex market. Although some of the techniques are familiar to stock investors, currency trading is a realm of investing in and of itself. A currency trader can make one of four bets on the future value of a currency:

*Shorting a currency means that the trader believes that the currency will go down compared to another currency.
*Going long means that the trader thinks the currency will increase in value compared to another currency.
*The other two bets have to do with the amount of change in either direction - whether the trader thinks it will move a lot or not much at all - and are known by the provocative names of strangle and straddle.

For example, if you wanted to short the Canadian dollar (CAD), the simplest way would be to take out a loan in Canadian dollars that you will be able to pay back at a discount as the currency devalues (assuming you're correct). This is much too small and slow for true forex traders, so they use puts, calls, other options and forwards to build up and leverage their positions.

A currency speculator makes money by forcing a country to face realities it would rather not face.

i say, "Although it's a dirty job, someone is doing it."

they say, Although it's a dirty job, someone has to do it.