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Foreign exchange market explained with forward contracts and risks
Foreign money moves through bank accounts in the United States as foreigners invest in American securities and real estate. The article illustrates how banks handle buying francs and the use of forward transactions to manage risk, highlighting roles of exporters and importers, spot and forward rates, and the US market's concentration in New York.
MENTIONED IN THIS ARTICLE
Louise Cook
Associated Press
United States
U.S
Scott Pardee
Discount Corp
New York
New York City
Paris