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Currency trading

   Also found in: Encyclopedia, Wikipedia, Hutchinson 0.01 sec.

Currency trading. The global currency market, where roughly $1.9 trillion a day changes hands, is by far the largest financial market in the world.

Banks, other financial institutions, and multinational corporations buy and sell currencies in enormous quantities to handle the demands of international trade. In some cases, traders seek profits from minor fluctuations in exchange rates or speculate on currency fluctuations.



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