With the U.S. economy experiencing inflation at rates not seen since the 1980s, forex traders are monitoring the U.S. dollar closely to see how the currency’s purchasing power and exchange rates are influenced by the accelerated devaluation of the U.S. dollar.
At the same time, U.S. regulatory efforts to curb inflation are already underway. Meanwhile, currency values continue to be roiled by global events such as the Russian invasion of Ukraine, global gas shortages, and lingering economic disruption caused by the pandemic.
While inflation needs to be balanced among other economic forces, this rapid rate of inflation deserves the close attention of forex traders. Here are some tips to help you weather the challenges and preserve your capital when trading in an inflationary environment.Read More