Currency Futures
A transferable futures contract that specifies the price at which a specified currency can be bought or sold at a future date.
Investopedia Commentary
Currency future contracts allow investors to hedge against foreign exchange risk. Since these contracts are marked-to-market daily, investors can--by closing out their position--exit from their obligation to buy or sell the currency prior to the contract's delivery date.
Related Links
Getting Started in Foreign Exchange Futures
A Primer On The Forex Market
Futures Fundamentals
See also: Currency, Currency Forward, Futures Contract, Hedge, Mark-to-Market - MTM
currency futures