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Currency exchange rates in the forex market are influenced by various factors, including economic indicators like inflation rates, interest rates, and GDP growth, which can affect a country's economic stability. Political events and market speculation also play a big role, as changes in government or unexpected news can lead to fluctuations in currency value.
Several factors influence currency exchange rates in the forex market. First, interest rates set by central banks can affect the attractiveness of a currency, as higher rates offer better returns on investments. Second, economic indicators such as GDP growth, unemployment rates, and inflation provide insights into a country's economic health, impacting currency value. Third, political stability and economic performance can lead to increased investor confidence or uncertainty, affecting demand for a currency.