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Forex Terms
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1. Unconvertible Currency A currency that cannot be exchanged for another because of foreign exchange regulations.
2. Uncovered See Open Position.
3. Under-Valuation See Undervalued.
4. Undervalued When a currency is below its purchasing power parity it is considered undervalued.
5. Unit A widely used quantity of currency. In FXTrade, one unit of USD is equal to one United States dollar, while one unit of EUR is one euro. For JPY, one unit is equivalent to one yen. One unit More…
6. Unrealized P/L A hypothetical valuation of the current position and the resultant profit or loss if the position were to be liquidated at that moment.
7. Uptick A trade that must be executed at a price higher than the previous trade. Certain rules on the New York Stock Exchange require this during sessions of extreme volatility.
8. US Dollar The currency of the United States of America.
9. US Prime Rate The interest rate at which banks in the US will lend to their most valued customers.
10. US Treasury The department within the United States government that is responsible for issuing Treasury bills, notes, and bonds.

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