Central banks also participate in the foreign exchange market to protect their nation’s currencies in what’s known in the trade as intervention. For example, the Federal Reserve says the U.S ...

After a decade-plus long lull, FX is finding itself in the centre of the epic storm that has been rocking financial markets ...

For example, the Canadian dollar is a floating currency, so the market dictates its value. The value of the Hong Kong dollar, on the other hand, is pegged at a fixed exchange rate to the U.S. dollar.