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Forex Market Today

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Regal Core Markets
Forex Market Today

During the past months, forex trading has been profoundly affected by the present COVID-19 pandemic. Due to the inevitable lockdowns and quarantine protocols initiated by most governments worldwide, financial conglomerates had to reduce business hours and enact various mitigation techniques to limit the spread of the virus among employees and clients alike. Medium and small establishments were forced to close or even declare bankruptcy. Work-from-home became the sudden norm, and physical trades were significantly decreased to a minimum.

These unfortunate measures and events greatly affected not just the whole business world but included Forex trading as well. The said unprecedented catastrophe resulted in massive unemployment and less spending capacity. Hence, the Forex market became unstable, and a global recession is still an imminent threat. Less liquidity is observed, and an increase in volatility is seen.

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