When you make a forex trade, you sell one currency and buy another. You profit if the currency you buy moves up against the currency you sold. For example, let’s say the exchange rate between ...

Benita said there were no plans at this time to sell more than $30 billion of forex and that the high level of reserves allowed the central bank room to support the economy in times of emergency.

Forex stands for "Foreign Exchange" and refers to the active trading of currencies -- exchanging one currency for another. Here's what you need to know.