Is it safe to assume that in currency FRAs, if you are long one currency, you are short the other currency in the agreement?
I’ve never heard of a currency FRA; is this something new for 2015? Or are you conflating a currency forward and a forward rate agreement (FRA)?
In any case, if you’re long one currency (in a currency agreement: forward, future, swap, whatever), then you’re short the other.
I’m confusing the terms. I should have called it a currency forward contact. Thank you for your answer.