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Posted 06/06/2010 2:52 pm
Quote:
Political issues may also impact the nature of currency changes, in that a lack of confidence in a new government may temporarily diminish the value of the nation's currency on the open market. Once confidence is restored, the currency will tend to rise and investors can consider the currency to be a worthwhile investment once again. When currency fluctuations are due to political factors, the impact is often short term, although it can be long term as well.
Maybe we should save are dollars so when then economy recovers are dollars will have more purchaseing power Political issues may also impact the nature of currency changes, in that a lack of confidence in a new government may temporarily diminish the value of the nation's currency on the open market. Once confidence is restored, the currency will tend to rise and investors can consider the currency to be a worthwhile investment once again. When currency fluctuations are due to political factors, the impact is often short term, although it can be long term as well.
