Forex is the buying and selling of currency pairs, the most popular being the US dollar and the Euro: EUR/USD. It is the largest and most liquid financial market in the world with a daily trading turnover of more than $5 trillion.
Glossary
FED FUND RATE
This is the interest rate at which banks can borrow and lend from one another on an overnight basis. It also indicates the Federal Reserve’s view on the current state of the money supply.
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