scorecardresearchWhy are interest rates important for forex traders?

Why are interest rates important for forex traders?

Updated: 31 Jul 2022, 12:20 PM IST
TL;DR.
Tweaking with interest rates by the nation’s central bank casts a shadow on the currency’s exchange rate. Read further to know how this happens
The interest rate changes can sway the forex rates instantly, and at times — substantially.

The interest rate changes can sway the forex rates instantly, and at times — substantially.