: Buying currencies with high interest rates and selling currencies with low interest rates.
Let us look at the relevant data of currency price changes and interest rates to date, which we compiled using a trade-weighted index of the major global currencies:For the month of February, I forecast that the EUR/USD currency pair will fall in value.In my previous forecast last week, I made no weekly forecast, as there were no unusually strong counter-trend movements.
volatility is likely to remain at a similar level this coming week as there are several policy releases due from major central banks plus USLast week was dominated by relative strength in the US dollar, and relative weakness in the Australian and New Zealand dollars.
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