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What do you mean overnight?
Definition of life vocabulary:

Overnight means that some things stay overnight. For example, margin trading in the financial sector will affect the settlement of funds after overnight. However, staying overnight in life does not mean that you can't drink water after one night. Overnight water is also water that has been put for a long time. Not suitable for drinking water that has been left for a long time. It is best to drink water that has just been boiled within 24 hours. If exposed to the air for too long, it will lose its biological activity and thus lose many special functions. If the time is too long, it will not only lose all kinds of minerals, but also increase the content of some harmful substances.

Interpretation of financial vocabulary:

The current foreign exchange firm offer does not have this concept. "Overnight" is a concept in margin trading. This time refers to 5 pm new york time. If the funds are deposited over this time, it is "overnight".

The impact of "overnight": when the funds are settled, the interest rates of the two currencies are different, so the money bought will have interest in the bank; The money sold is borrowed from the bank and needs to pay interest. Therefore, you can get interest compensation by buying and holding high-interest currency. In the case of little exchange rate fluctuation, holding high-interest currency can have good returns and is an ideal trading strategy.