Nigeria

2025-02-21 18:18

IndustryThe Role of Covid-19 Pandemic on Forex Market
#firstdealofthenewyearastylz The COVID-19 pandemic significantly impacted forex markets by increasing volatility and shifting investor sentiment. Safe-haven currencies like the **U.S. dollar (USD), Swiss franc (CHF), and Japanese yen (JPY)** surged initially, while emerging market and commodity-linked currencies depreciated due to capital flight and falling oil prices. Massive **central bank interventions and stimulus packages** weakened the USD over time, benefiting other currencies. Trade disruptions and supply chain issues affected export-driven economies, while digital assets like **Bitcoin (BTC)** gained popularity. Overall, the pandemic reshaped forex markets through policy-driven fluctuations, risk sentiment shifts, and increased liquidity.
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The Role of Covid-19 Pandemic on Forex Market
Nigeria | 2025-02-21 18:18
#firstdealofthenewyearastylz The COVID-19 pandemic significantly impacted forex markets by increasing volatility and shifting investor sentiment. Safe-haven currencies like the **U.S. dollar (USD), Swiss franc (CHF), and Japanese yen (JPY)** surged initially, while emerging market and commodity-linked currencies depreciated due to capital flight and falling oil prices. Massive **central bank interventions and stimulus packages** weakened the USD over time, benefiting other currencies. Trade disruptions and supply chain issues affected export-driven economies, while digital assets like **Bitcoin (BTC)** gained popularity. Overall, the pandemic reshaped forex markets through policy-driven fluctuations, risk sentiment shifts, and increased liquidity.
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