HISTORICAL EVENTS IN THE FX MARKET
HISTORICAL EVENTS IN THE FX MARKET Before diving into the inner workings of currency trading, it is impor tant for every trader to understand a few of the key milestones in the foreign exchange market, since even to this day they still represent events that are referenced repeatedly by professional forex traders. BRETTON WOODS: ANOINTING THE DOLLAR AS THE WORLD CURRENCY (1944) _____________________________________________________________ In July 1944, representatives of 44 nations met in Bretton Woods, New Hampshire, to create a new institutional arrangement for governing the in ternational economy in the years after World War II. After the war, most agreed that international economic instability was one of the principal causes of the war, and that such instability needed to be prevented in the future. The agreement, which was developed by renowned economists John Maynard Keynes and Harry Dexter White, was initially proposed to Great Britain as a part