Hedging a cash market position in a futures contract for a different but price-related commodity.

利用品种不同但价格相关性强的期货合约为现货市场的头寸进行套期保值。

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This is also known as "hedging" or "single lock" - the same account opened in the same position more than a single and an empty one.

这也被成为“对冲”或者“锁单”——在同一账户里开设相同头寸的多单和空单。

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Unless you have an underlying currency position that the forward contract is hedging you will be exposed to the movement in the price of the market.

除非您处于对冲的需要另外建立了一个相反方向的头寸，否则您将完全受到市场中外汇价格波动的影响。

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"So these are the main factors that drive the price the move up higher due to the investor hedging their position against the dollar."

VOA: standard.2010.07.21

Given this, one would not want to have such a hedging position in place continuously but would want to have it in place when an event occurs.

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But what about (a firm) like a Goldman Sachs which is hedging a futures position in commodities versus hedging a futures position in currencies?

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For a deal involving several complex steps, his all-in price would reflect the cost of hedging his own position.

ECONOMIST: Investment banks