Currency exchange rates tend to be affected by macroeconomic variables, such as the major economic indicators released by governments at fixed intervals. For instance, the Gross Domestic Product (GDP), unemployment rate, and even current interest rates (prime rates) can all affect currency exchange rates. However, it is possible for major political events (such as elections, wars, etc.) to also affect currency exchange rates. Even commodities (gold, oil prices, wheat, etc.) may affect the exchange rates between countries.

Source: http://www.investorguide.com/igu-article-961-forex-basics-can-commodities-affect-currency-rates.html

Tags: exchange rates, forex

  

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