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Currencies

Most currency futures are traded against the USD although it can be a valuable addition to include some that do not, to reduce the overall dependency on the strength or weakness of that one currency. At times the US Dollar is the main driving factor and this sector can end up being a very one sided bet. This of course is only a problem if it goes against you.

When you are dealing with currency futures, always keep in mind that you are long something and short something else. This is true for all trades but in the currency world this becomes more visible and has more noticeable implications.

NamePoint ValueUnitCurrencyExchange
AUD/USD100,000AUDUSDCME
GBP/USD62,500GBPUSDCME
EUR/USD125,000EURUSDCME
CAD/USD100,000CADUSDCME
JPY/USD1,250Million JPYUScCME
NZD/USD100,000NZDUSDCME
NOK/USD200,000NOKUSDCME
ZAR/USD500,000RNDUSDCME
SEK/USD200,000SEKUSDCME
CHF/USD125,000EURCHFCME
EUR/CHF125,000EURGBPCME
EUR/GBP125,000EURJPYCME
EUR/JPY125,000CHFUSDCME

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