Does The GDP Of A Country Has Any Affect On The Forex Market?

[Good-Person]

The GDP refers to the gross domestic product of any country. It shows the economical development and indicates many things about the economy of a country. So, how does the GDP affect the Forex market? I think that it may have some positive or negative effect due to the fact that this may directly have an impact on the foreign reserves of a country. What do you think?

 

[Planbizzle]

Changes in GDP can have an impact on interest rates, inflation, and other economic issues, all of which affect currency values. Therefore a country's GDP is one of several major elements that might influence FX market movements.

 

[Lens]

The gross domestic product GDP has a greater role and influence in the forex market because a high GDP rate determine the strength of the currency and the strength of the economy as well.

 

[eenya001]

the GDP of a country would definitely affect anything that has to do with finance or economy of that nation and the speculative market is not exempted from this.

 

[Potuse]

The gross domestic product has a great influence on the forex market and the basic reason is that it determine the strength of the economy and inturn determine the strength of the currency.

 

[eenya001]

The gross domestic product has a great influence on the forex market and the basic reason is that it determine the strength of the economy and inturn determine the strength of the currency.

Does a country economy affect the forex market, I don't believe a country economy except top tier countries can influence the forex market as the forex market is a global market

 

[Potuse]

Does a country economy affect the forex market, I don't believe a country economy except top tier countries can influence the forex market as the forex market is a global market

The major currencies that are traded in forex are the USD and the basket of currencies and the economic condition of those countries will definitely have a great influence in Forex.