George Soros, the world-famous currency speculator “who broke the Bank of England” in 1992, calls investing in currencies “an existential choice.”
No wonder most folks have a hard time getting their heads around the $5-trillion-a-day world of currency trading. Nevertheless, the second half of 2014 was the most exciting time in major global currencies in recent memory.
Thanks to a stronger economy and falling oil prices, the U.S. dollar has soared 15% over the past six months. Meanwhile, the euro has tumbled by 17% in anticipation of the European Central Bank’s recent entry into the quantitative-easing game. The relentless drop read more…