Understanding the Relationship Between Foreign Currency, Gold, and Crude Oil
The international markets for foreign currency, gold, and crude oil are deeply interconnected. These assets influence each other's demand, supply, and price movements. Let's explore these relationships in simple terms. Basics of Each Market Foreign Currency Foreign currency, or Forex, refers to the different types of money used by countries. Examples include the US dollar (USD), euro (EUR), and Japanese yen (JPY). The Forex market is where these currencies are bought and sold. Gold Gold is a precious metal that…