On certain occasions, foreign exchange rates immediately reflect changes in economic conditions, while, on other occasions, the market adjusts only after a period of delay. In general, foreign currency traders will tend to focus on released information that will have an impact on the market within a matter of hours; this means that they will not hold very long positions as the odds of an unpredicted development effecting exchange rates increases with time. Therefore, to minimize market risk, traders tend to enter and exit the market quickly, while looking for ideas that, if sound, will produce short-term profits.
The following is a guide to the essential fundamentals and practical factors impacting key foreign exchange rates against the dollar.
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