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- 2016-4-19
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Yes, you are correct. If (real) interest rates are higher in a country, its currency will appreciate. So, the Future Spot Price is expected to appreciate.
But, here we are talking about Forward Price and not future expected spot price.
And Currency Forward price is solely based on no-arbitrage rule at time 0 and NONE of the mumbo jumbo coming from macro/micro economic fundamentals. |
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发表于 2013-3-31 12:58
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