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Rollover

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Where the settlement of a deal is rolled forward to another value date based on the interest rate differential of the two currencies.


EMS

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(European Monetary System), an agreement between member nations of the European Union to maintain an alignment between the exchange rates of their respective currencies.

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It's normally condensed as the dollar sign, $. The U.S. dollar is divided into 100 cents.

The euro is the currency of 13 European Union countries.

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