Trading effect on currency
The latest Currencies coverage from MarketWatch. British pound slumps, trades lowest versus U.S. dollar since 1985. The British pound fell sharply The US dollar is the most traded and widely held currency and the euro is the second most popular currency in the It is called the International Fisher effect. Nov 11, 2015 Exchange rate movements have been unusually large and have sparked some controversy as to their likely effect on exports and imports.