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Assume todays settlement price on a CME AUD futures contract is $0.8410/AUD. Contract size is AUD100,000 You decide to BUY one contract. At the close
Assume todays settlement price on a CME AUD futures contract is $0.8410/AUD. Contract size is AUD100,000 You decide to BUY one contract. At the close of the next business day, if the new settlement price for that contract is $0.820, what is your dollar profit or loss? You need to find how much AUD per futures contract?
--- I answered -2,100, and it is not correct
At the close of the next business day, if the new settlement price for that contract is $0.8500, what is your dollar profit or loss?
--- I answered 900, and it is not correct
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