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3-Month USD/CHF Is Quoted at 112/110

Question 162

Multiple Choice

3-month USD/CHF is quoted at 112/110. Interest rates in Switzerland are reduced but USD rates (which are higher) are unchanged. What would you expect the 3-month forward USD/CHF rate to be?


A) unchanged
B) 118/116
C) 109/107
D) 106/104

Correct Answer:

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