Forex Information - Interpreting The Future Of The Oil Marketplace And How It Affects Forex Trading (Part 4)

In the currency market, exchange rates are often predicated on the health of a country’s economy. If the economy is robust and growing, the exchange rates for their currency reflect that in higher value. If the economy is faltering, the exchange rate for their currency against most other currencies also stumbles. Knowing that, the following makes sense:

1. The currency of countries that produce and export oil will rise in value.

2. The currency of countries that import most of their oil and depend on it for their exports will drop in relative value.

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