Archive for the 'Forex' Category
Forex Rates – A dark indication !
Since lots of months I have seen a depreciating graph of dollar as compared to pound and Euro . There could be lots of reasons behind this like there is war going on in Iran and Afghnistan and Pakistan and the major role is playing by the US government , the major funding is from the US and in that way billions of dollars are going outside the country which have a dark impact on the value of dollar in the Interbank.
Though countries where the was is going on has also a downfall in this local currency but dollar is also going down which is not a good indication . Pakistani Rupee is going down in the inter-Bank day by day and it’s recorded max of 77 as compared to one dollar which is a worst figure !
Gold rates are going high day by day and now you can buy one ounce for lots of dollars – infect now people don’t buy gold just because of it’s expensiveness , instead of that people use pearls and other type of jewelry to enhance their beauty , I think this is not good with the public .. Gold rates should come down !
As nothing in this world can be compared with the Gold , so we can’t neglect the importance of gold in our lives , infect Asian people can’t even think that they can live without gold and gold is the most important thing in Muslim Marriages .
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