What are ‘Currency Futures’? Describe the various trading / investment strategies used in Futures Market.

Currency Futures:

Currency futures are standardized contracts traded on organized exchanges to buy or sell a specified amount of a particular currency at a predetermined price on a specified future date. These contracts are legally binding agreements, which obligate the buyer to purchase, and the seller to sell, the underlying currency at the agreed-upon price, regardless of the prevailing market rate at the time of contract expiration.

Various Trading/Investment Strategies used in Futures Market:

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