What in the World are Negative Deposit Rates?

If you’ve been a good student in our School of Pipsology, you’d know that a country’s interest rate is one of the biggest factors that determine the value of its currency. This is why traders usually keep tabs on central banks’ monetary policy biases, as well as economic data that could influence interest rate expectations. More often than not, when there’s an interest rate hike or when traders are expecting one, demand for that country’s currency rises and so does its value. On the other hand,

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