Some facts about FOREX
Forex Trading Strategy
London's convenient geographical location (operating during Asian and American markets) is also instrumental in preserving its dominance in the Euro market.
ISM (Institute for Supply Management) Manufacturing Index reflects a compound average of 5 main economic areas (new customers’ orders 30%; manufacturing 25%; employment 20%; supply orders 15%; inventories 10%).
The US government reacted in 1950s by imposing laws to restrict dollar lending to foreigners. Euro markets were particularly attractive because they had far fewer regulations and offered higher yields.