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29 September, 01:25

Why do three currencies represent 80% of the foreign exchange (FX) market trades?

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  1. 29 September, 03:44
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    The answer is because these hard currencies represent the largest industrialized economies: dollar, euro and pound. Currently, the foreign exchange rate for all world currencies is a floating exchange rate, based on market forces of supply and demand.
  2. 29 September, 04:02
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    D) These hard currencies represent the largest industrialized economies.
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