单词 | foreign-exchange market |
释义 | foreign-exchange market foreign-exchange market An international market in which foreign currencies are traded. It consists primarily of foreign-exchange dealers employed by commercial banks (acting as principals) and foreign-exchange brokers (acting as intermediaries). Although tight exchange controls have been abandoned by many governments, including the UK government, the market is not entirely free in that it is to some extent manipulated by governments. Currency dealing has a spot market for delivery of foreign exchange within two days and a forward-exchange market (seeforward-exchange contract) in which transactions are made for foreign currencies to be delivered at agreed dates in the future. This enables dealers, and their customers who require foreign exchange in the future, to hedge their purchases and sales. Options and futures on forward-exchange rates can also be traded on various world markets, both over-the-counter (OTC) and on exchanges. foreign investment Investment in the domestic economy by foreign individuals or companies. Foreign investment takes the form of either direct investment in productive enterprises or investment in financial instruments, such as a portfolio of shares. Countries receiving foreign investment tend to have a mixed attitude towards it. While the creation of jobs and wealth is welcome, there is sometimes antagonism on the grounds that the country is being ‘bought by foreigners’. Similarly, there may be resentment in the country whose nationals invest overseas, especially if there is domestic unemployment. Nevertheless, foreign investment is increasingly important in the economy of the modern world. |
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