What affects forex markets? Back to list

Member SinceJul 08, 2021

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Sterling

Aug 05, 2022 a 02:28
When trading in the forex market with limited knowledge of the factors that affect the market, significant losses may occur. A currency's value can be greatly affected by a number of macroeconomic forces.

When analyzing foreign exchange markets, it is essential to remember that a stronger currency makes a country's exports more expensive for other countries while making imports cheaper. As a weaker currency makes exports cheaper and imports more expensive, foreign exchange rates determine the trading relationship between two countries.

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