If the u.s. dollar depreciates in the foreign exchange market, american exports will Increase and american imports will decrease.
The over-the-counter (OTC) foreign exchange market is where exchange rates for different currencies are decided. With a global network of financial centers operating around the clock, it is by far the biggest financial market in the world and only closes on the weekends.
A global decentralized or over-the-counter market for trading currencies is known as the foreign exchange market. For every currency, exchange rates are set by this market. It covers all facets of purchasing, selling, and exchanging currencies at established or current rates.
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