An over-the-counter market where buyers and sellers conduct foreign exchange business by telephone and other means of communication. Also referred to as a forex market. Chicago Board of Trade glossary
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Largely banks that serve firms and consumers who may wish to buy or sell various currencies. Bloomberg Financial Dictionary
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foreign exchange market UK US noun [C] (also currency market) FINANCE
► a financial market in which foreign currencies are bought and sold: in/on the foreign exchange market »
April was a particularly active period in the foreign exchange market.
Financial and business terms. 2012.