The UK has always had a strong dependence on the use of oil. However, oil has been an especially important factor in the strength of the UK economy.
FXCM Market Insights
Since the late 18th century, crude oil has been a sought-after commodity in Canada. The earliest oil exploration in the country came from the frontiersmen and aboriginal peoples who lived in the [...]
The Canadian dollar's dependence on commodity pricing suggests that there is a relationship between the Canadian dollar to the pricing of crude oil.
An Oil-Rich History Russia is one of the world’s largest major oil producers and has a long history of exploiting the commodity. Collection of seep oil in what is now Russian territory was [...]
As its name implies, a currency swap is the exchange of currencies between two parties.
A carry trade is a technique allowing a trader to borrow a currency at a low interest rate to finance the purchase of another currency earning a higher rate.
There is a strong correlation between oil prices and the performance of the US economy, with rising crude oil prices pushing up core inflation indicators.
The global currency markets suffered sharp fluctuations in 2014, as numerous developments combined to help create intense volatility.
China prompted shockwaves in global markets in August 2015 by allowing its currency, the Yuan, to weaken outside of its previous trading band based on market movements.
The history of currency starts with the exchanging goods and services, and it has a long evolution that can be traced to the origins of human civilisation.
A relationship between two or more countries to share a single currency.