What is forex market
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If imported French cheese suddenly costs what is forex market at the grocery, it may well mean that euros have increased in value against the U. Forex traders seek to profit from the continual fluctuations of currency values. For example, a trader may anticipate that the British pound will strengthen in value. The trader will exchange U. If the pound then strengthens, the trader can do the transaction in reverse, getting more dollars for the pounds.
These represent the U. There will also be a price associated with each pair, such as 1.
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