A standardized contractual transaction in which both parties agree to convert one form into the other at some future time in a proportion agreed upon now.
An underlying futures contract used to hedge against exchange rate risk.
It is the earliest form of financial futures.
Since the first futures contract was launched by the International Branch of the Chicago Mercantile Exchange (CME) in May 1972, with the development of international trade and the acceleration of world economic integration, foreign exchange futures trading has maintained a vigorous development momentum.
It not only provides investors, financial institutions and other economic entities with effective hedging tools, but also provides arbitrageurs and speculators with new means of profit.
The dollar recovered gold below 1950, the United States oil once broke through the 100 mark, London nickel trading will resume.
Please pay attention to the specific operation, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.
