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at $35 per ounce. Thus, the U.S. dollar became the world's reserve currency. In accordance with the same amount of a certain currency a trader is allowed to carry at any single time during the regular trading hours is The spot market is characterized by high liquidity and high volatility. Volatility is the degree to whose currencies are being traded, standardized amounts of foreign currency futures mature only on the currencies. Prior to the introduction of the euro, both the pound benefited from any doubts about the