An order which must be entered for trading, normally in a pit three times, if not filled is immediately cancelled. The exchange lists futures on the European Currency Unit and the USDX a basket of 10 currencies. Foreign Exchange Centers London is the largest centre of foreign exchange trading. New York, Tokyo, Singapore, Zurich and Hong Kong are also important. Foreign Exchange Market Market where currencies are traded internationally.
Currency markets exist in the form of spot, forward, futures and options markets.
Imports usually need to be paid for in the currency of the country from which they originate. Exports are usually paid for in one's own currency. A trade deficit therefore causes a currency to depreciate. Flow-ons Created when a large trade is split up into several smaller trades. Capital flows Cross-border investment.