Currency Forward question question, currency, domestic, forward

bleach

Just want to check my understanding:
For a currency forward, if E(S)  FP, then the forward market for domestic currency is in contangio, right? Assume E(S) and FP denominated in DC/FC.
Thanks…

RealEstate_CFA

Thanks. You are right about the futures vs forward reference. However, I have seen a reference to contango and backwardation with respect to currency futures e.g. CFAI EOC question 14 Reading 59.
My original question should read:
Just want to check my understanding:
For a currency future, if E(S)  FP, then the futre market for domestic currency is in contango, right? Assume E(S) and FP denominated in DC/FC.
Thanks…

Swanand

thanks. this makes.

lunarfollies

thanks. this makes sense.