4 Currencies You Need to Keep a Close Eye on

There have been two key developments for currency markets in the past. The dollar has been advancing relentlessly against every major currency, and it has mainly been rising against currencies of commodity exporters. Next, the yuan had a surprising devaluation over the summer that led to a short and sharp correction in global equities.

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Foreign Currencies Traded the Most by Americans

With transactions totaling over $4 trillion every day, the foreign exchange market (FOREX) is the world’s largest publicly traded market. The majority of transactions are done by businesses including corporations, mutual funds, pension funds, hedge funds, banks and insurance companies.