Adjustable Peg - Exchange rate regimen where a currency's exchange rate is pegged (fixed) in relation to a stronger currency, such as the US dollar or the euro.
Aggregate Risk - A bank's exposure to forex contracts from a single customer.
Back Office - The office location, or department, where the processing of financial transactions takes place.
Basis Point - One hundredth of one percent, or 0.0001.
Economic Indicator - A statistic that is used to gauge current economic conditions. See Consumer Price Index and Durable Goods Order as examples.
Warrants - A certificate, usually issued along with a bond or preferred stock, entitling the holder to buy a specific number of securities at a specific price, which is usually above the current market.
Whipsaw - Refers to when a position is taken and a stop loss is created. The market moves down to trigger the stop loss and then turns around. In this way, the trader suffers two losses.
ZAR - Currency symbol for the South African Rand.
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29/07/2010
The dollar may advance, after sliding 6.4 percent against the euro this month, as the U.S. economic recovery strengthens, according to Barclays Plc.
“Our e... more
The rand rallied to a 3 1/2-month high against the dollar.
South Africa’s currency appreciated as much as 0.8 percent to 7.2834 per dollar, the strongest l... more