in the textbook, it says that
the basis for a currency futures contract was defined as :
" spot rate - future price "
i'm not sure why there is a dash ( - ) between spot rate and future price. Does it mean that spot rate will soon become future price ?
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interest rate futures
8y ago#1It is not a dash, it is a minus sign!!
Why are you not watching my free lectures on foreign exchange risk management? I work through everything needed for the exam, with examples.
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