In China, the need for credit and for circulating medium led to the introduction of paper money, commonly known today as banknotes.

One of main feature of Forex market is the ability to profit in rising as well as falling markets.

The Philadelphia Fed Index index is considered to be a good indicator of changes in everything from employment, general prices, and conditions within the manufacturing industry. It isn't a big market mover, but the results found in the survey can indicate what to expect from the Purchasing Managers' Index (which comes out a few days later and covers the entire U.S.).