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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… |
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发表于 2013-4-7 03:10
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