What is the effect of GDP in forex trading?

[Potuse]

The gross domestic product GDP has a great influence in forex market . It is a measure of country's economic output which would have a very significant influence on the price fluctuation in Forex . A strong GDP would lead to an increased investment and increases the strength of the currency as well.

 

[Lens]

The gross domestic product GDP has a great influence in the forex market and it is what each and every forex traders must take into consideration whenever they are analysing the forex market in order to make informed decision.

 

[Planbizzle]

The announcement of Gross domestic product numbers can have a substantial impact on currency exchange rates in forex trading since it provides insight into the general well-being and performance of a nation's economy.