How Does the News Affect the Forex Market

Big movements in currencies are usually driven by big stories in the financial markets and the direction of interest rates. For example, in the US, the Fed Chairwoman Janet Yellen will be leaving her post in 2018 and a new Fed, Jerome Powell has been appointed by the President. The changes in economic policies and ideologies between the exiting Chairperson and the incoming one will have an impact in the foreign exchange market.

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