Currency news covers the world’s currencies and their exchange rates. Currencies are traded on the global markets, and their exchange rates are determined by supply and demand, economic factors, and central bank policy. Many countries today use floating exchange rates, with the currency’s value adjusting to market forces and economic developments. In addition, some countries still have fixed currency rates.
A major source of short-term movements in the currency market is the release of economic data, especially from the U.S. but also from other parts of the world. It’s critical for forex traders to stay on top of the latest currency news to take advantage of these market-moving events. валютные новости
While the pound rose after weaker-than-expected UK jobs data, the euro fell after German economic data sent investors fleeing risk assets. The Reserve Bank of Australia is also expected to raise interest rates at its upcoming meeting, driven by inflation concerns.
In a world where cryptocurrencies have exploded in popularity, it’s important to keep on top of the latest currency news to see how they might affect your international payments. Disgraced FTX founder Sam Bankman-Fried was recently sentenced to prison for his role in the crypto-finance firm’s collapse, and he now represents the potential for the demise of this once-promising monetary form.
Trading on the forex markets requires you to be well-versed in both fundamental and technical analysis. The combination of the two offers a complete picture of how prices move in the markets and allows you to minimise individual drawbacks. Fundamental analysis looks at the potential reasons why prices may move, while technical analysis demonstrates how price movements have occurred in the past.
Currencies are traded in a highly professional, global market, where electronic trading platforms link up currency traders around the globe. At the end of each trading day in Asia, traders pass open positions to their counterparts in Europe and the US, who then trade them on the basis of market developments over the next 24 hours. The markets are effectively open 24 hours a day thanks to this global cooperation and this makes them very liquid.
The combine that will be influenced most straightforwardly by USD news is USD/JPY. If the data is superior to desires, then the pair will go up. Different matches, for example, EUR/USD and GBP/USD are somewhat more dubious, as they might go up or down contingent upon essentials and hazard hunger.
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