In the foreign exchange market, the interest rate differential IRD refers to the difference in interest rates between two similar interest-bearing currencies. In the spot foreign exchange market, this pertains to the difference in interest rates in a pair. For example, if the Australian dollar has an interest rate of 4.
Currency intervention occurs when one central bank or more buys or sells a currency in the foreign The interest rate parity theory helps describe the relationship between foreign exchange rates and interest Foreign Exchange, or Forex trading is the simultaneous buying of one currency and the selling of another Pound domination and yen weakness were the main themes this week. So, what drove forex price action?
And what about the other currencies? How did they fare this week? Like last week, volatility was relatively tight this week.
So, what drove forex price action this week? How drove they fare? GBP took hits and was the worst-performing currency of them all. But what caused GBP to tank? And if GBP was the weakest, then which currency was the strongest? Time to find out! Pound domination was easily the main theme this week. So, what drove the pound higher this week? And what about the other currencies, what drove their price action? It's easy to make a buck. It's tougher to make a difference.
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