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The reason

by Curbarn, summer b.c. winter zihua, Wednesday, October 18, 2017, 16:23 (32 days ago) @ HolyMole

Currencies are traded world wide by experts in their fields. Wheteher it is on the news you or I read is inconsequential, as those people certainly are following the news that affects the currencies they trade. When companies in Canada or Mexico purchase raw materials, they buy forward contracts on currencies they would buy there products in. 90% of the time those are US dollar purchases. When trend indicate the currency is dropping those same people will increse the nukber of contracts to mitigate the losses they see in the coming days.


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