Currencies & Forex

The foreign exchange (Forex) market is the largest financial market in the world, with over $7 trillion traded daily. Currency pairs are quoted in terms of one currency versus another. Major pairs include EUR/USD, GBP/USD, USD/JPY, and USD/CHF. Cross pairs exclude the US dollar, while emerging market pairs involve currencies from developing economies.

Factors Influencing Currency Rates:

• Interest rates and central bank policies
• Economic indicators - GDP, inflation, employment data
• Political stability and geopolitical events
• Trade balances and current account deficits
• Market sentiment and risk appetite