When you think of the foreign currency market, what do you think of? Perhaps world economies exchanging money from one currency to another. Maybe large institutions making decisions that affect millions of stockholders or account owners.
But did you think about you you’re invested in the world currency market even if the scenarios above are not in your control?
The reality is that we’re all invested in the currency market in one way or another. The money in your pocket and your checking account gives you exposure to the value of your domestic currency (dollars, euros, pounds, yen, etc.). Granted, when it comes to money that you are likely to be spending in the short term on goods and services priced in the same currency it’s not really much exposure. But, for your bigger assets and holdings, it can be a different story.
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