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Investing Glossary:
Foreign currency futures contract
Copyright 2010,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
| Foreign currency futures contract
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| Definition: |
| Standardized and easily transferable Obligation between two parties to Exchange currencies at a specified rate during a specified Delivery month; standardized Contract on specified Underlying currencies, in Multiples of standard amounts. Purchased and traded On a regulated exchange on which margins are posted.
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