What do we do now that interest rates change every minute?

While it all looks like the impossible has happened with the increase in interest rate, I think it's time to make money off it.

Yes, you read it correctly.

You will agree that the most significant economic news right now has a considerable impact on currency rates. The interest rate set by the central bank, statistics on unemployment, and inflation are a few of the indicators that forex traders monitor, and it seems to give them an edge over every other person.

The Forex market seems to have opened up the possibility of profiting during news releases, creating a stable and long-lasting effect on the economy that allows traders to make profits from transactions on the emerging trend.

What is the relationship between the current exchange rate and the interest rate?

Let's use real-world situations to explain how changes in interest rates impact exchange rates.

Take, for instance, a bank next door that guarantees you a higher return on savings and is different from the regular commercial bank. Won't you move your money into that bank next door?

That is what the actual world experiences.

An increase in interest rates by a central bank attracts investors by raising the yields on money market instruments. This starts a capital flight from one economy into another. However, investors need to buy the national currency in order to access more profitable assets. As a result, an increase in the key interest rate also results in an increase in the value of the national currency.

👉So How do we make money off the interest rates.....find out in the full article link

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