A new report from the Bank for International Settlements suggests that nearly all reserve currencies may be poised to depreciate.
In the mood for a little light reading? How about the latest quarterly report from the Bank for International Settlements? Right. Well, good thing we have this interesting summary and analysis to get us through.
The BIS examined the relationship between foreign-exchange turnover and per capita income, and found that the richer the country, the greater the turnover in their currency. In fact, they were able to fit most of the data along a pretty neat regression line, suggesting that there is a relatively consistent relationship between forex turnover, trade, and GDP per capita.