DID YOU KNOW?
The U.S. economy is the largest in the world, making the U.S. dollar the most significant currency in the global market. No wonder that the U.S. dollar appears on 80% of trades in the Forex market.
Prior to the U.S. dollar, it was the British pound that was mostly used for international trade. But in 1944, when the U.S. became the largest economy, the world’s advanced economies met in the Bretton Woods conference and decided to peg all foreign currencies to the U.S. dollar.
