Question
Go to the cmegroup.com web-site. Obtain and report as of Friday, November 10, 2017, closing (Day - cme) prices of Euro, Pound, Yen, and Peso
Go to the cmegroup.com web-site. Obtain and report as of Friday, November 10, 2017, closing (Day - cme) prices of Euro, Pound, Yen, and Peso futures with two different maturities: March 2018 and June 2018. In which cases is the June 2018 futures price higher than March 2018 futures price? Can you infer from this whether the interest rates are likely to be higher for the US dollar or for the foreign currency under consideration in each case during the March to June 2018 period? (Hint: Assume the relation that applies to forward prices also applies to futures prices.)
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