Overnight Position

Trader's long or short position in a currency at the end of a trading day.

Since Forex is open 24 hours and trades around the clock except the weekends this is a term most relevant to markets that close such as the stock market. However at one point in time every day interest is usually charged for the currency pair. This can be a positive or negative amount of money depending on the interest rate of each of the two currencies in a currency pair.

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