2023 Recession will Impact Forex #forex

2023 Recession will Impact Forex #forex

A recession can have a significant impact on the foreign exchange market. Economic downturns can lead to a decrease in demand for a country's currency, causing its value to decrease relative to other currencies. This can make exports more expensive, leading to a decrease in international trade and a decrease in economic growth. Additionally, during a recession, investors may move their funds to safer investments, such as the US dollar, causing the value of other currencies to decrease. It's important to note that the effect of recession can vary country wise and it's always a good idea to keep an eye on the economic indicators and news as they can have a big impact on the forex market.

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