Intermediate
How interest rate expectations affect currencies
Study the expected path of policy in both economies rather than treating a rate announcement as an automatic currency signal.
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Forex Explained
Understand currencies, connect economic evidence and build a disciplined research process. Follow six learning stages from the first exchange rate to portfolio applications.
Start with What forex is and why currencies move, then follow the next lesson links. Explore 24 lessons with worked examples, exercises and further reading.
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Currency Drivers · All lessons
Currency Drivers
Connect policy expectations, economic releases, capital flows and risk sentiment.
Intermediate
Inflation growth and the value of a currency
Connect domestic purchasing power with exchange rates while keeping the short term market response separate from longer term valuation.
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Intermediate
Trade balances and international capital flows
Follow the payments behind trade and investment to understand why a trade surplus does not mechanically determine a currency’s next move.
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Intermediate
Risk sentiment and the unwinding of carry trades
Understand how funding positions and changes in risk appetite can amplify currency moves during market stress.
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