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A bank has been asked to provide a three-month forward AUD/USD 'buy' quote for a corporate client. The following information is available to the FX

A bank has been asked to provide a three-month forward AUD/USD 'buy' quote for a corporate client. The following information is available to the FX dealer at the bank: Spot rate: AUD/USD 0.7654-0.7659 US interest rates: 7.73% per annum Australian interest rates: 8.64% per annum Estimate the three-month forward 'buy' rate. A. 0.7637 B. 0.7639 C. 0.7642 D. 0.7644 Calculate the bid and ask a three-month forward rate. A bank has been asked to provide a three-month forward EUR/USD 'buy' quote for a corporate client. The following information is available to the FX dealer at the bank: A. EUR/USD 1.0796-1.0781 B. EUR/USD 1.0797-1.0782 C. EUR/USD 1.0738-1.0755 D. EUR/USD 1.0743-1.0750

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