| The foreign exchange market (forex, FX, or currency market) is a worldwide decentralized over-the-counter financial market for the trading of currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends.,,The purpose of the foreign exchange market 'Forex' is to assist international trade and investment. The foreign exchange market allows businesses to convert one currency to another foreign currency. For example, it permits a U.S. business to import European goods and pay Euros, even though the business's income is in U.S. dollars. Some experts, however, believe that the unchecked speculative movement of currencies by large financial institutions such as hedge funds impedes the markets from correcting global current account imbalances. This carry trade may also lead to loss of competitiveness in some countries. |
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Is the tag something to use?
4 posts - 2 authors - Last post: Oct 6, 2004
Is caption more trouble than its worth? is the
tag something to use?
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5 posts - 5 authors - Last post: Apr 20
Many times, I
tag something differently but mean the same thing. Example- web20, web2.0, web_20, professional_development,
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