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Rollover (or swap) is the interest paid or earned for holding a position overnight. It reflects the interest rate differential between the two currencies in the pair. You earn swap if you bought the higher-yielding currency, but pay it if you bought the lower-yielding one.
Answer
Rollover (or swap) is the interest paid or earned for holding a position overnight. It reflects the interest rate differential between the two currencies in the pair. You earn swap if you bought the higher-yielding currency, but pay it if you bought the lower-yielding one.
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