A central banker, or economic advisor, whose policies are being primarily concerned with interest rates. Hawks tend to be in favour of keeping interest rates relatively high in order to keep inflation down. Hawk’s policies are not as concerned with economic growth as they are with keeping inflationary pressures in check. Policies or statements made to this effect are described as being “hawkish”.
A position or combination of positions that reduces the risk of your primary position.
Usually the highest traded price and the lowest traded price for the underlying instrument for the current trading day.