A representation of what an asset is worth today and what the market thinks it will be worth in the future.
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Frequently Asked Questions
The nearest expiration date for Euro/Australian Dollar Futures (Sep 2012) is Sep 17, 2012.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Euro/Australian Dollar Futures (Sep 2012) before Sep 17, 2012.