Aggregate Demand

The sum of government spending, personal consumption expenditures, and business expenditures.


A currency is said to ‘appreciate ‘when it strengthens in price in response to market demand.


The purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market, in order to take advantage of small price differentials between markets.


Dealer jargon used in quoting when the forward premium/discount is near parity. For example, “two-two around” would translate into 2 points to either side of the present spot.

Ask Rate

The rate at which a financial instrument if offered for sale (as in bid/ask spread).

Asset Allocation

Investment practice that divides funds among different markets to achieve diversification for risk management purposes and/or expected returns consistent with an investor’s objectives.