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Cross-rate futures
A currency futures based on the cross rate between two currencies.
For example, the Chicago Mercantile Exchange (CME) offers CME Euro FX/Canadian Dollar Futures, which trade based on the exchange rate between the euro and the Canadian dollar, both in relation to the U.S. dollar.
Synonyms and variations
- Cross-rate currency future
- Cross-rate currency futures
- Cross-rate currency futures contract
- Cross-rate future
- Cross-rate futures contract