The Art Of Speculation How Oil Prices Affect Currency Prices

how the price of oil influences currencyThis for those who trade or speculate in the movement of currency in the financial markets, specifically Forex trading. Why you should be tracking the fluctuations of a certain commodity which appears completely unrelated. The following are the reasons to track the price swings of the global oil market.

If you’re a Forex trader, there’s an extremely strong argument why you should be. The reason being the link between the most important currency trading pairs in the world will predictably rise and fall based on the price of oil.

Oil …