Having been the world’s major reserve for a long time, the US dollar has fallen to its lowest against Japan’s yen while the European crisis could also have the potential to make the euro plunge. With the rise in China’s economy, the yuan is predicted by analysts to join the dollar and the euro as one of the world’s reserve currencies before the year 2020. Yes, the dollar and the euro will still remain foreign reserves as they are widely used and the number of dollars held by foreign countries will continue to rise.
Investing in foreign currencies is like gambling. It’s actually an enjoyable and challenging investment. You prepare the capital, choose a currency to buy and sell, and learn from your mistakes until you get addicted to it. It’s something you can do as a hobby or full-time. It’s not just about luck, though. It’s all about grabbing that chance at the right time and going for it.