Spot Currency Market

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Spot Currency Market

A market in which a currency bought or sold is delivered in two business days (except for the Canadian dollar, which is delivered in one business day). It differs from currency derivatives markets like futures contracts.
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15bn in spot currency markets in October, according to the bank's November bulletin, its biggest one-month intervention since the RBA began keeping records in 1995.
RBA spends USD3bn defending Australian dollar
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