An economic policy advisor who favours relatively higher interest rates to keep inflation under control or curb rapid economic growth. See also Dove.
A way of reducing the risk of losses that may occur if interest rates, share prices or foreign exchange rates move in the wrong direction. This usually involves the use of CFD or futures contracts.
Positions that are held open past 17:00 New York time will incur holding costs. These holding costs will be calculated based on the total size of the position. Also see Financing costs.
Refers to money that is issued by a nation that is seen as politically and economically stable. Hard currencies are widely accepted around the world as a form of payment for goods and services and may be preferred over the domestic currency.