People may regard the foreign exchange market as a place where financial institutions continuously trade foreign exchanges, but in fact, most of the foreign exchange trading done by financial institutions on behalf of the enterprises.
Across the Atlantic, the Federal Reserve, has advanced in normalisation with four rate rises in 18 months, which have brought the target rate on the federal funds to 1.25 per cent, from a target of 0-0.25 per cent in the seven-year period to December 2015, and an announcement to cautiously start the normalisation of its balance sheet already in October this year..