> I don't think I understand how currency trading works. You're right, you don't, and it's too big a topic to explain in a comment, but basically yes people tr

> I don't think I understand how currency trading works. You're right, you don't, and it's too big a topic to explain in a comment, but basically yes people trade the exchange rates because they can and because if you do it right it's very profitable. You don't ever own either, currency trading is pairs trading where you're long one and short the other to open a position and exiting a position exits both trades which looks like a single trade to you. George Soros once made a billion dollars shorting the GBP and forced a country to remove a floor, similar to what just happened here. The EUR/USD has been sinking like a rock for most of the year, so traders short it, wait for it to sink more, and cash in their profits. It's just like trading stocks except you have more liquidity, more leverage, and going long/short are basically the same because these aren't stocks and going short the EUR/USD is identical to going long USD/EUR.