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Definition
A decline in price of a currency due to economic changes.
Depreciation
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Related Terms
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Despite a ton of reports and events, directional movement wasn’t really very strong this week. Still, it’s worth mentioning that NZD came out on top while GBP was at the bottom of the forex heap.
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Let’s take a look at the major economies’ inflation data to see if their central banks have good reason to be hawkish or dovish these days.
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Longer-term traders probably had a bad time this week while shorter-term traders likely had a blast. By the way, can you guess which currency was this week’s top dog?
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