And early example is the Euro, which lost credibility and importance in the forex pairs market considerable after the debt crises fiasco – leading to several countries giving up hopes of recovery and waiting for bailout packages and financial grants (including Greece and Spain). Italy and Portugal are in deep soup too, and might drag other states financially interwoven into the Euro Zone structure down with them too.
The fact that the Asian currencies are buoyed with the help of a stringent financial structure bodes well for forex traders who were thinking of exploring the Asian and Australasian markets for a change. With Japan now looking to intervene, the only safer currencies are the German, the British and the Asian currencies.
The rest of the traders might not be interested, but if you wish to succeed, you need to ensure that every trading update is on your fingertips – right when the ball starts rolling!