Huge volume makes foreign exchange the world’s largest and most popular financial market, with more than $5 trillion in transactions each day. Despite this massive footprint, forex traders don’t access centralized exchanges to execute their buy and sell orders.
There are a whole host of reasons why the Federal Reserve should – and should not – create a digital version of the greenback.
Interest rates are determined by the Federal Reserve or by Treasury note yields, which are determined by financial market conditions.
