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You are asked to explain taking a short position in Euro currency. The recruiter asks you that the current exchange rate is $1.10 per euro
You are asked to explain takinga short position in Euro currency. The recruiter asks you that the current exchange rate is $1.10 per euro and if the exchange rate goes to $1.05 per euro in the coming days or weeks, do you make profit or lose money?
At what exchange rate do you place a stop-loss?
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