Foreign exchange markets

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Foreign Exchange
Mark Mobius
( http://www.wiley.com/ )

Forex as an asset class

The major attraction of currencies as an asset class is for portfolio diversification, as their movements are often uncorrelated to other asset classes, says Mark Mobius in Foreign Exchange: An Introduction to the Core Concepts. Although we identify the countries where foreign exchange trading takes place, this trading is distinct from equities markets or commodities markets insofar as foreign exchange markets have no fixed location, Mobius informs.

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