Every currency in the Forex market is influenced by a number of domestic macroeconomic indicators of their country, as well as the impact of the global market in General. Economic indicators (GDP growth, indicators of export-import trade), social factors (unemployment rate, the state of the property market) and the state policy of the Central Bank, each of these parameters determines the value of a certain currency on the foreign exchange market. Each of the 6 major currencies has its particularities, and in this article we will discuss the main factors that affect each currency separately.
United States dollar (USD) is the most commonly traded currency in the Forex market. It is also used as a measure of the cost of other currencies and commodities. USD dominates foreign reserves among all countries in the world – in the currency persists for approximately 64% of the world reserves. In a broad sense, the U.S. dollar is affected by several fundamental factors. As the prices of the vast majority of the metals and grades of oil are set in USD, significant changes in supply / demand on these markets are immediately reflected on the value of the currency. That is what happened in 2008…
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