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  • Countries commonly peg their money to the currencies of others, typically, the U.S. dollar, the euro, or sometimes to the gold price. Currency pegs create stability between trading partners and can remain in place for decades. For example, the Hong Kong dollar is pegged to the U.S. dollar beginning in 1983, and Denmark's krone is pegged to the euro (since 1982). The practice is also referred to as a fixed exchange rate or pegging.
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  • One Touch Binary Option – A one touch forex binary option’s payoff is either triggered or cancelled when the exchange rate reaches a certain level during the time prior to expiry. The trigger price and effect is determined and set by the trader prior to executing the option trade.
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