FOREX is a somewhat unique market for a number of reasons. Firstly, it is one of the few markets in which it can be said with very few qualifications that it is free of external controls and that it cannot be manipulated. It is also the largest liquid financial market, with trade reaching between 1 and 1.5 trillion US dollars a day. With this much money moving this fast, it is clear why a single investor would find it near impossible to significantly affect the price of a major currency.
(RTTNews) - The Norwegian krone rose steadily against the American dollar in Wednesday morning trading. By 10:45AM EST, the krone had climbed to a mark of 5.7583 versus the buck. Against its European counterpart, the Norwegian currency saw some upward movement into the morning action.Norwegian Currency Advances Against World Counterparts (Nasdaq)
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