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A dealer buys EUR5,000,000 forward for delivery in, two months at EUR0.5556/USD...

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A dealer buys EUR5,000,000 forward

for delivery in, two months at EUR0.5556/USD and simultaneously sells EUR5,000,000 forward

for delivery in three months at EUR0.5545/USD. This foreign exchange

transaction is called:

Spot Against Forward

non-deliverable forward

outright forward transaction

Forward-Forward Swaps

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