The Power of the Dollar: Solid Performance from a Leading Currency

The forex market is never the most stable or reliable entity, as its derivative nature is susceptible to volatility and rapid change. This was drawn sharply into focus recently by the Greek financial crisis, as a potential default by the stricken nation and subsequent negotiations with the International Monetary Fund (IMF) has caused huge fluctuations in the market. This has triggered a difficult past week for the forex market, with the Euro gaining after months of decline after it was announced that an agreement had been reached between Greece, the IMF and a selection of European creditors. It subsequently pared...