Hi,
I have just finished the book "10 essentials of trading" and he says that if interest rates increase the currency would weaken.
I was under the impression that increased interest rates strengtens the currency , because of people exchanging their currency for one with higher interest rate(Bonds etc..)
Could someone clarify this to me?
I have just finished the book "10 essentials of trading" and he says that if interest rates increase the currency would weaken.
I was under the impression that increased interest rates strengtens the currency , because of people exchanging their currency for one with higher interest rate(Bonds etc..)
Could someone clarify this to me?
There are no certainties only oppurtunities.