foreign exchange market


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Related to foreign exchange market: Foreign Exchange Rates

foreign exchange market

The market in which one foreign currency is exchanged for another.
References in periodicals archive ?
Fifty of the world's leading banks and Reuters Group PLC, the major British news agency, announced Tuesday that they will jointly set up an online Internet-based foreign exchange market.
Miyazawa said it is realistic for countries to cooperate in policy to maintain stability in the foreign exchange market, and ''to ensure that movements do not stray far from economic fundamentals and are not driven by speculation.
Near the end of the quarter, the Mexican monetary authorities tightened liquidity conditions and purchased pesos in the foreign exchange market to dampen volatility.
Rubin's response was instantaneous: If the next Treasury chief gets into trouble, he predicted, the mistake would likely stem from an underestimation of the speed and ferocity of today's global financial markets, particularly the foreign exchange markets.
Shiokawa said he has close contact with other Group of Seven (G-7) countries to contain speculative movements and that he hopes to stabilize the foreign exchange market through cooperation with those countries.
Participants expressed the view that regular workshops on this topic would play an important role in strengthening foreign exchange market operations in their respective institutions through peer-to-peer learning and interaction with experts in the subject.
Camacho told Shiokawa that the stock market in the Philippines was down only 1% to 2%, while the foreign exchange market was stable, the official said.
Consequently, as in the past, turmoil in foreign exchange markets is hardly a recipe for global economic prosperity.
The increase is attributable to global foreign exchange transaction growth as well as individual investors' rising participation in the Tokyo market, said the Tokyo Foreign Exchange Market Committee.
The Bank continues to monitor developments in the foreign exchange market and will take appropriate action as needed, the statement added.
1) At an exchange rate of 117 yen to the US dollar, the rate given by the Tokyo Foreign Exchange Market on March 31, 2006.
British regulators are expected to fine six banks for collusion and manipulation in the foreign exchange market.

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