Export price index describes relevant economic data of each state for the reported period. It strongly influences the standing of the national currency and is frequently used by traders as the strong economic indicator.
The popularity of this tool is also driven by a fact that it can indicate country’s inflation with the greater probability. In this regards, a fairly accurate specification of national economy’s state is given. And the most important, an opportunity to conduct trading based on this forecasting indicator is provided. For this reason, export indicators can form the long-term trend in the market, and they are being used by investors in their work.
It was also noticed that this indicator is tightly connected to the interest rate in a country. If the interest rates start to grow and the export rate to the country grows too, in the majority of cases it leads to the strengthening of the US dollar and growth of its quotes.