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As a U.S.currency trader, you just purchased 5,000,000 British pounds in the spot market. You would be speculating on the British pound if you Sell
As a U.S.currency trader, you just purchased 5,000,000 British pounds in the spot market. You would be speculating on the British pound if you Sell 5,000,000 British pounds at the new spot rate a month later. Cover your position using outright forward contracts Cover your position using currency futures contracts Cover your position using currency options contracts Cover your position using non deliverable forward contracts
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