Prepared for Issouf I. | Delivered November 29, 2019
Forex Market Trends/Updates
To find out what has been happening in the foreign exchange (forex) market recently. This research would be used to evaluate new market opportunities and rules for clients.
The foreign exchange (forex) market is currently "the
most actively traded
market in the world".
On average, this market witnesses trading worth over
daily. The volume of forex trading exceeds that of global equities by
DailyFX reports that global trade is
. This is a resultant effect of
led by the United States. Consequently, GDP growth is being affected
throughout the world.
According to AtoZ Markets, 2018 was a remarkable year for the USD (United States Dollar) "when the trade-weighted Dollar Index
appreciated nearly 5%
From the beginning of this year (2019), the USD experienced a
zero forward momentum
reduce their spending, the pressure on US businesses is increasing.
Over the past year, the Canadian Dollar (CAD) lost over
of its value against the USD. Also,
of its value was lost compared to the Japanese Yen. Falling
is the major factor responsible for this decline in CAD currency value.
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