Forex swaps and forward will be exempt from Dodd-Frank riles that would have required that they be t settled via clearing houses. Existing practices already limit risk, the Treasury says.
Forex swaps are so important that any disruptions could have had a negative economic impact, the Treasury said.
How does this impact retail FX traders? Not one bit.
Forwards are essentially an interest rate product, reflecting the differences between rates in two countries, not a change in the underlying exchange value of the currencies.
