Keep track of central bank policies and interventions from "summary" of Profiting With Forex by John Jagerson,S. Wade Hansen
Central banks play a crucial role in the foreign exchange market. Their policies and interventions can have a significant impact on currency values. As a forex trader, it is essential to stay informed about central bank actions and statements. Central banks use various tools to influence their respective economies. These tools include interest rate decisions, open market operations, and quantitative easing. Changes in these policies can affect the value of a country's currency. For example, if a central bank raises interest rates, it can attract foreign investment and increase demand for the currency. Interventions by central banks can also impact the forex...
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