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This version: April 2011 Abstract Foreign exchange option markets were active during and after the Authors: Scott Mixon About: Social network Currency Options Trading Course Binary, Puts, Calls.
This type of contract is both a call on dollars and a put on sterling, and is typically called a gbpusd put, as it is a put on the exchange rate; although it could equally be called a usdgbp call.
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Historically, the currency derivative pricing literature and the macroeconomics literature on FX determination have progressed separately.
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