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What is an economic calendar in the context of forex trading?

An economic calendar is a very important tool for forex traders since, as implied by its name, it is a calendar on which traders can see when important economic announcements or developments are expected to be announced or occur. Examples of such information releases or event, include the announcement at the national level of figures such as the GDP or the consumer price index, which affect the value of a national currency and thus its exchange rate.

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