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Written by Book Reviews   
The following offers brief explanation of the most popular terms used in the currency market today.

Key Currency : Small countries, which are highly dependent on exports, orient their currencies to their major trading partners, the constituents of a currency basket.

Kiwi  : Slang for the New Zealand dollar.

Knock In : A process where a barrier option (European) becomes active as the underlying spot price is in-the-money.

Knock Out : Has a corresponding meaning to “Knock In” (see above), although the option may permanently cease to exist.

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