Central banks, such as the Federal Reserve or the European Central Bank, hold immense power in the FX market. They utilize monetary policy, interest rate adjustments, and direct market interventions to manage economic stability and control inflation. Corporations and Institutional Investors
By downloading our practical guide to the FX markets PDF 2021, traders can gain a comprehensive understanding of the FX market and start trading with confidence. Central banks, such as the Federal Reserve or
The full text is available for free borrowing and digital streaming at the Internet Archive Educational Platforms: The full text is available for free borrowing
| Pair | Typical Spread (pips) | Notes | |-------|----------------------|-------| | EUR/USD | 0.1 – 0.5 | Most liquid | | USD/JPY | 0.2 – 0.8 | | | GBP/USD | 0.5 – 1.2 | Higher during Brexit news | | Exotics (USD/TRY, USD/ZAR) | 20 – 100 | Wide spreads, gap risk | gap risk | Hedge funds
Hedge funds, asset managers, and pension funds that trade large blocks of currency to hedge portfolios or speculate.