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Currently, the spot rate between the Australian dollar (AUD) and the US dollar (USD) is 0.7073AUD/USD. You enter into a short, speculative position on 10
Currently, the spot rate between the Australian dollar (AUD) and the US dollar (USD) is 0.7073AUD/USD. You enter into a short, speculative position on 10 AUD March futures contracts at a price of S0.7076. If the spot rate at the contracts' maturity is SO.7065, what is your realized speculative profit? The contract size is 100,000 AUD
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