Covid causes volatility in forex markets

There is hope is in the air as Covid-19 vaccine rollouts gather pace across the globe and economic stimulus packages are implemented to help nations recover from the pandemic. Last year, the markets experienced volatility with most instruments hitting extreme highs and lows.

The forex market was no different, as currencies are often at the mercy of external factors like recessions, government debt, interest rates and inflation levels. Now well into 2021, it’s clear that the forex market’s volatility is not quite over yet.