Currency Market News

The currency market is an over-the-counter market in which global currencies are traded and all bilateral exchange rates are determined. While buying and selling of currencies is dominated by financial institutions - particularly large international banks - households, corporates and the government are also active participants. The global currency market is the largest financial market in the world, with the US dollar, the euro, Japanese yen and the British pound being the most heavily traded. Transactions can take place on a spot or future basis with financial derivatives such as swaps and options being heavily used.