Fixed Income and Currency refers to financial markets where investors trade debt securities and foreign exchange. Fixed income typically involves bonds, which are loans made to governments or corporations that pay interest over time. Investors receive regular interest payments and the principal amount back at maturity, making it a relatively stable investment option. In the currency market, participants buy and sell different currencies, aiming to profit from fluctuations in exchange rates. This market is essential for international trade and investment, as it allows businesses and individuals to convert one currency into another, facilitating global economic activity.