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After decades of relative strength and stability, the US Dollar has lately been in a steady state of decline. No one has felt the effects of this fall more acutely than average American consumers, who have seen the purchasing power of their paychecks dramatically decrease both at home and abroad. [...]

The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is by far the largest market in the world, in terms of cash value traded, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The trade [...]