The global forex market continues to exhibit volatility due to ongoing geopolitical tensions, economic uncertainties, and the COVID-19 pandemic. The US Dollar remains relatively strong against major currencies, while the Euro struggles amidst economic recovery concerns. Emerging market currencies are facing pressure due to inflation and economic instability. The Bank of England's recent interest rate hike signals potential shifts in monetary policy worldwide. Technological advancements, such as algorithmic trading and blockchain, are shaping the future of forex trading. The market is expected to grow at a CAGR of 6% from 2021 to 2026. It's crucial to monitor these trends and developments to strategize effectively for future forex investments and risk management.More...