forex

Definition

The global decentralized market where different national currencies are traded against one another.

Etymology

The word is a portmanteau formed from the English words 'foreign' and 'exchange'. It gained popularity in the late 20th century as financial markets became increasingly interconnected through electronic trading.

In the news

In this article, 'forex' refers to the potential market instability resulting from shifts in the euro-yuan exchange rate, which may influence demand for stablecoins as a hedging tool.

China's trade surplus with EU hits record high, prompting new tariff measures and crypto capital flow implications

Crypto Briefing

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