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foreign exchange

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forex currency exchange rate money finance trading market valuation arbitrage speculation bank central bank treasury dollar euro yen pound liquidity volatility appreciation depreciation inflation deflation interest rate investment portfolio asset commodity gold hedge derivative future option swap spot price trade balance current account GDP economy macroeconomics fiscal policy monetary policy import export tariff quota trade deficit trade surplus parity peg fixed rate broker trader spread margin leverage pip lot transaction conversion remittance globalization commerce credit debt solvency reserve

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