{"id":14648,"date":"2021-03-12T11:14:39","date_gmt":"2021-03-12T11:14:39","guid":{"rendered":"https:\/\/www.openbusinesscouncil.org\/?p=14648"},"modified":"2021-03-12T11:19:38","modified_gmt":"2021-03-12T11:19:38","slug":"the-forex-market-outlook-2021-what-can-we-expect","status":"publish","type":"post","link":"https:\/\/www.footballthink.com\/the-forex-market-outlook-2021-what-can-we-expect\/","title":{"rendered":"The Forex Market Outlook 2021 – What Can We Expect?"},"content":{"rendered":"
<\/p>\n
The 24-hour forex market is one of the largest entities of its type anywhere in the world, and one that\u2019s <\/span>home to a staggering 170 different currencies<\/span><\/a>.<\/span><\/p>\n As you can imagine, the forex market is also inherently volatile, with this trend particularly pronounced during 2020 as a result of the coronavirus pandemic. More specifically, currency values declined as base interest rates were capped as part of wider quantitative easing measures, but this isn\u2019t expected to continue through 2021.<\/span><\/p>\n In this post, we\u2019ll preview the forex market for the year ahead, by focusing on some of the entity\u2019s most important assets.<\/span><\/p>\n The greenback remains the single most popular currency in the world, with the USD established as <\/span>the globe\u2019s principal reserve currency since the end of World War II<\/span><\/a>.<\/span> However, this currency also came under pressure in 2020, thanks to the rampant spread of Covid-19 and the introduction of two stimulus measures to help drive sustained economic recovery.<\/span><\/p>\n The U.S. Dollar Index (which measures the value of the greenback against a broad basket of currencies) has plotted this course, while losing significant ground as the Fed slashed rates and emerging currencies soared.<\/span><\/p>\n While the pressure remains strong and the U.S. Dollar Index slumped from 103 in March to 90 by the end of the year, however, the market consensus is that the greenback will rebound in the second half of 2021 after a further slump in Q1 and Q2. This growth will be driven by a global economic recovery and gradual hikes in base interest rates.<\/span><\/p>\n\n
\n<\/b><\/p>\n