In the foreign exchange market, spot is normally two banking days forward for thecurrencypairtraded.
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The index now includes 16 dollar currency pairs, up from seven in the previous iteration.
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Therefore, all currency pairs involving it should use it as their base, listed first.
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Combined the seven currency pairs accounted for more than two-thirds of daily global foreign exchange trading volume at the time the index was initially launched.
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The web-technology allowed retail foreign exchange trading to foster easy and fast ways for customers to access the markets and the currency pairs while making trades from their own computers.
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