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‘Wild Experiment': Retail Traders Pile Into Currency Trading (1)

July 19, 2022, 9:00 PM

Americans looking to capitalize on the unusually weak euro aren’t just booking shopping trips to Europe: They’re making risky bets on the currency market.

While foreign-exchange trading has historically been reserved for specialty desks on Wall Street, big swings in global currencies have enticed DIY traders into the complicated world of FX.

The euro in particular has caught their attention with its swift downward spiral, dropping last week to dollar parity for the first time in 20 years. A tumultuous year for the region — from the war in Ukraine to an energy crisis and the growing risk that Russia cuts off gas exports ...