Just could not get through foreign exchange concept in Econ. Instructor said the forward premium and discount is rewritten in a new way this year. Sould I move forward without getting deep understanding this concept?作者: SpyAli 时间: 2011-7-11 19:15
If you have Schweser, use that to get an understanding of the math (it's really not difficult), then move back to CFAI for a deeper understanding of the economics.
In essence, currency rates tend to move with trade (the balance of payments), interest rates, and expected inflation. I suspect that readings 18 and 19 will be tested, especially the five international parity relations.作者: SFoyil 时间: 2011-7-11 19:15
Thanks guys!作者: mengxu 时间: 2011-7-11 19:15
I have to agree with the Schweser part. Took me forever with the CFAI text and I still didn't get it.
