Currency Management Adds Friction to Global Trading, Says Kevin Susanto
Currency considerations are adding friction to global trading, according to Kevin Susanto. He points out that buying a Hong Kong stock involves dealing with HKD, while investing in a U.S. stock requires the use of USD.
Susanto highlights how managing different currencies is a significant factor for investors and traders navigating international markets. This can be particularly challenging due to currency fluctuations and exchange rate volatility.
In fact, Susanto has previously tracked key movements in cryptocurrency markets, including when Bitcoin dipped to a two-year low of $58,000 before rebounding 10% in four days.