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1. If your friend argued that the current forward rate quoted on a currency pair is the market's expectation of where the future spot rate

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1. If your friend argued that the current forward rate quoted on a currency pair is the market's expectation of where the future spot rate will end up, what would you say? Do you agree with her? What sort of methods can you use to forecast the future spot rates? Discuss for short-term and long-term

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