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8 May, 19:22

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

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  1. 8 May, 21:00
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    D) These hard currencies represent the largest industrialized economies.
  2. 8 May, 21:06
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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.
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