Question: Take sometime and explain the two question in a form that I can understand the concept. 1. In a few paragraphs take a few minutes
Take sometime and explain the two question in a form that I can understand the concept.
1. In a few paragraphs take a few minutes and explain when you convert 10 mil Euros into USD next month, are you buying or selling Euros? To lock the future exchange rate in this case, should you long or short Euro FX futures today?
2. In a few paragraphs explain what is the contract size (aka. contract unit) of 1 Euro FX futures contract? Also, Is the British Pound futures contract size the same as Euro FX futures? How many Euro FX futures contracts do you need to long/short today?
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