How Watching Exchange Rates Replaces Reading the News
Another useful side of tracking exchange rates in real time is that I learn about world events without reading the news.
I do not have time to read the media right now, but in the evening before bed I check the rate to decide whether to swap USD for EUR.
Today I saw a sharp drop in the dollar, decided to see why, and here it is, matching the timing precisely:
'Denmark for the first time called the US a possible security threat' – the dollar starts a smooth decline against EUR, GBP, and CHF.
'USA seized a tanker off the coast of Venezuela' – a sharp plunge 🫠
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