The Impact of Exchange Rate Fluctuations on Trading Behavior in the Ferrous Derivatives Market

This paper focuses on the impact of exchange rate fluctuations on the trading behavior in the black metal derivatives market. By employing theoretical and policy analysis methods, it delves into how exchange rate volatility affects trading volumes, trading strategies, and the behavior of market participants in the black metal derivatives market. The research findings indicate that under conditions of high market uncertainty, exchange rate fluctuations significantly influence trading behavior in the black metal derivatives market, prompting traders to actively adjust their strategies to cope with exchange rate risks. Based on these findings, this paper proposes targeted policy recommendations aimed at providing strategic guidance for market participants and offering references for regulatory authorities to refine relevant policies. This is intended to optimize market efficiency and enhance risk management capabilities.