CMTrading Daily

With a market value of more than $300-billion, Tesla is one of the most valuable companies on Wall Street. Its market capitalization makes it one of the most valuable publicly listed US companies not included in the S&P 500. CEO Elon Musk has enjoyed positive market sentiment with record stock prices throughout 2020.

Central banks closely watch inflation metrics in order to keep the economy in check and promote stable growth. Therefore, interest rate decisions by central banks are considered a high-impact indicator in the forex market. In this educational article we will cover how interest rate changes can affect the exchange rate between currency pairs.