As fears continue to grow surrounding the possible default of Greece and the likeliness of a global recession, global financial markets continue to be volatile.
On Friday, September 30th, US stock markets finished its worst quarter since 2008. The Dow and the S&P fell more than 12% and the Nasdaq fell more than 14%.
France, England and Germany Stocks also fell as European leaders continue to work towards a solution for their debt crisis.
Smart investors have diversified into the foreign currency exchange (Forex) market. Unlike the stock market, the Forex market provides the possibility to profit in an up or down market and is open 24-hours, 5 1/2 days a week.
In the chart below, you’ll see how the US dollar gained 7.6% versus the Canadian dollar over the last two weeks. During the same time, the stock markets were continuing to fall.
If you would like to hear more about what is happening in the foreign currency exchange market and the impact it may have on the individual currencies, join the next complimentary Forex webinar.
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