The word 'forex' is correct and can be used in written English.
Forex stands for 'foreign exchange' and is typically used when discussing currency trading. For example, "I use forex to make money on currency exchanges."
The traders who manipulated the forex rates communicated via a chat room, sending each other comically self-incriminating messages such as "If you ain't cheating, you ain't trying".
Union Bank of Switzerland reckons that EMU will kill anywhere between 10% and 35% of their forex business.In this section Corporate culture Riding for a fall?
A measure of sanity has returned to the forex market, and Zimbabwe now enjoys what passes here for macroeconomic stability.In this section A tricky operation Mugabe's money man Don't run for it A rash of rules Calculating tragedy Acrimony all around Grey hair, red ink, but blue skies?
Awkwardly, Britain's central bank has gone from inquisitor to a possible protagonist in the latest episode of financial-market chicanery.Regulators globally have spent months investigating whether forex traders at big banks rigged global currency markets, the world's largest, where turnover is over $5 trillion a day.
Chummy exchanges with Bob Diamond, at the time the boss at Barclays, made for awkward reading.One potential problem for banks is that, unlike the people affected by LIBOR, it is easy for those who were fleeced by their forex bankers to figure it out (and to sue).
Barclays set aside £500m ($800m) also for any possible litigation that might arise from the forex probe, which took the shine off a solid quarterly-earnings report.
Notes taken by a trader at a meeting organised by the Bank of England in April 2012 suggest the traders had told the bank that they regularly shared information on forex positions.
As forex has declined, so other products have taken its place, keeping London as the leading international financial centre.Many of London's currency dealers have retooled themselves to trade more sophisticated products, such as interest-rate swaps and forward rate agreements.
The Hungarian government has since forced banks holding forex mortgages, most of them foreign-owned, to convert them into forints at favourable rates.
Shuzo Kakuta, senior forex adviser at Tokyo Tomin Bank, says that baby boomers, who are nearing retirement and have paid off their mortgages, are willing to take risks with their money.
Then came the euro, which has bashed 12 European currencies into one and decimated forex dealing rooms.
