Question

what defines a currency market?

what defines a currency market?

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Answer #1

A market for the active trading and exchange of currencies throughout the world. Also called foreign exchange, it is actually a vast network of interconnected markets used by central banks, banking institutions, corporations and speculators to trade currencies over-the-counter.

It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the Credit market. The main participants in this market are the larger international banks.

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