“A Study on Fundamental Events That Drives ...

“A Study on Fundamental Events That Drives the CurrencyMarket”

Author Name : Dr. Ranjith Kumar S, Muthamma B.U., Shaik Althaf

ABSTRACT One of the fastest-paced, 24-hour markets in the world is the foreign exchange market (Forex or FX). In the currency market, forex trading was the realm of large monetary institutions, corporations, relevant banks, hedge budget, and extremely wealthy individuals. Now average buyers can easily buy and sell currencies easily via online Demat accounts with the click of a mouse. Foreign Currency is the simultaneous buying of one foreign money and promoting of some other. Currencies are pairs changes, for Ex: USD/JPY (US dollar vs. Japanese Yen) or AUD/USD (Australian dollar vs. US dollar). Until recently, forex dealing within the forex market was the area of huge financial institutions, corporations, central banks, hedge price range and extremely wealthy individuals. The advent of the Internet has altered all of this, and now it isfeasible for common traders and individuals to buy and sell currencies easily withtheclicking of amouseviaonlinedealeraccounts.